law: Co-Operative Societies Act 2008 
  112.
  
  Prohibition on purchase shares
  1.      Notwithstanding
  
  section 111, no society shall purchase or otherwise acquire its shares where—
  a.     
  
    it
  
  is insolvent;
  b.    
  
    the
  
  proposed purchase or acquisition would render it insolvent; or
  c.     
  
    subject
  
  to subsection (2), the proposed purchase or acquisition would, in the opinion
  
  of the Board, be detrimental to the financial stability of the society.
  1.      
  2.      Subject to subsection
  
  (3), where a purchase or other acquisition of shares pursuant to section 111 or
  
  113, would in the opinion of the Board, impair the financial stability of the
  
  society or would be contrary to the interest of the remaining members the Board
  
  may suspend the purchasing or acquisition of shares.
  3.      The Board may not
  
  suspend the purchase of shares pursuant to subsection (2) for a period longer
  
  than one year unless the suspension is approved—
  a.     
  
    by
  
  the Registrar; or
  b.    
  
    by
  
  a special resolution of the members.