law: Co-Operative Societies Act 2008 
  166.
  
  Cessation of business
  From
  
  the date of the commencement of its liquidation—
  a.      a society continues
  
  in existence, but shall cease to carry on its business except insofar as may be
  
  required, in the opinion of the liquidator, for an orderly liquidation; and
  b.     any transfer of
  
  shares, other than a transfer made to or with the approval of the liquidator,
  
  and any alteration in the status of the members made after the commencement of
  
  the liquidation is void.