law: Co-Operative Societies Act 2008 
  153.
  
  Cessation of Board’s powers
  Where
  
  a receiver or receiver-manager is appointed by a Court or the Registrar or
  
  pursuant to an instrument, the directors of the society shall not exercise the
  
  directors’ powers that the receiver or receiver-manager is authorised to
  
  exercise until the receiver or receiver-manager is discharged.