Cancellation of registration
89.—(1)  When the affairs of a society, in respect of which a liquidator has been appointed, have been wound up or, where no liquidator has been appointed, after 2 months from the making of a winding-up order under section 83 by the Registrar or after confirmation of the order on appeal, the Registrar shall make an order cancelling the registration of the society and the society shall be dissolved and shall cease to exist as a body corporate from the date of the order.
(2)  The claim of a creditor or a member of the society who has not received what is due to him under the approved scheme of distribution shall be proscribed when 2 years have elapsed from the date of cancellation of registration, and a notice of closure of liquidation and cancellation of registration shall be published in the Gazette.
(3)  Any moneys remaining after the application of the funds to the purposes specified in section 88 and any sums unclaimed after 2 years under subsection (2) shall not be divided among the members, except in the case of the liquidation of a secondary society or a co-operative apex organisation, but shall be carried to the Co-operative Societies Liquidation Account kept by the Registrar.
(4)  A sum carried to the Co-operative Societies Liquidation Account shall be kept in this Account for at least 2 years. Out of the Co-operative Societies Liquidation Account such sums may be transferred to the Central Co-operative Fund, or applied generally for the furtherance of co-operative principles in such manner, as the Minister may determine from time to time.
(5)  The interest accruing in respect of any sum carried to the Co-operative Societies Liquidation Account in accordance with subsection (3) may be applied for such of the purposes specified in subsection (4) as the Minister may from time to time direct.