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"id": 575951,
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"type": "speech",
"speaker_name": "Hon. Kipyegon",
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"speaker": {
"id": 1453,
"legal_name": "Johana Ngeno Kipyegon",
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"content": "Remember, we have also been dealing with the Fair Administrative Action Bill. The CBK was not given a major role in dealing with administration in the previous Bills or Acts. In this Bill, we are proposing to replace the administrator with the CBK so that we can, at least, provide for a right of appeal after an institution has been placed under administration. Clauses 98 to 123 propose to amend the Co-operative Societies Act to harmonise it also with the Companies and Insolvency Act so that it can specify that members’ shares are not subject to attachment and it is the co-operative to provide for liquidation. Clause 124 of the Bill proposes to amend the Transfer of a Business Act to provide for the Act not to apply transfer of certain businesses. This is to specify the kind of transfers that can be done."
}