Co-operatives Act 2009
Div 1General powers
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Division 1 — General powers
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Effect of incorporation 36
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Power to form companies and enter into joint ventures 36
Division 2 — Doctrine of ultra vires abolished
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Interpretation 36
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Doctrine of ultra vires abolished 37
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Legal capacity 37
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Restrictions on co‑operatives in rules 38
Division 3 — Persons having dealings with co‑operatives
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Assumptions entitled to be made 39
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Assumptions 39
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Person who knows or ought to know is not entitled to make assumptions 40
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Lodgment of documents not to constitute constructive knowledge 41
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Effect of fraud 41
Division 4 — Authentication and execution of documents and confirmation of contracts
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Common seal 42
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Official seal 42
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Authentication need not be under seal 42
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Co‑operative may authorise person to execute deed 42
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Execution under seal 43
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Contractual formalities 43
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Other requirements as to consent or sanction not affected 43
Division 5 — Pre‑registration contracts
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Contracts before registration 44
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Person may be released from liability but is not entitled to indemnity 45
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This Division replaces other rights and liabilities 45