Div 1General powers

Division 1 — General powers 35. Effect of incorporation 36 36. Power to form companies and enter into joint ventures 36 Division 2 — Doctrine of ultra vires abolished 37. Interpretation 36 38. Doctrine of ultra vires abolished 37 39. Legal capacity 37 40. Restrictions on co‑operatives in rules 38 Division 3 — Persons having dealings with co‑operatives 41. Assumptions entitled to be made 39 42. Assumptions 39 43. Person who knows or ought to know is not entitled to make assumptions 40 44. Lodgment of documents not to constitute constructive knowledge 41 45. Effect of fraud 41 Division 4 — Authentication and execution of documents and confirmation of contracts 46. Common seal 42 47. Official seal 42 48. Authentication need not be under seal 42 49. Co‑operative may authorise person to execute deed 42 50. Execution under seal 43 51. Contractual formalities 43 52. Other requirements as to consent or sanction not affected 43 Division 5 — Pre‑registration contracts 53. Contracts before registration 44 54. Person may be released from liability but is not entitled to indemnity 45 55. This Division replaces other rights and liabilities 45