193Good faith—civil obligations

#### 193 Good faith—civil obligations 193 Good faith—civil obligations (cf Corporations Act s 181) > > (1) Good faith—directors and other officers A director or other officer of a co-operative must exercise their powers and discharge their duties— > > > > > (a) in good faith in the best interests of the co-operative; and > > > > > (b) for a proper purpose. > > > > Note— > > > > This subsection is a civil penalty provision (see section 554). > > > (2) A person who is involved in a contravention of subsection (1) contravenes this subsection. > > > > Note 1— > > > > This subsection is a civil penalty provision (see section 554). > > > > Note 2— > > > > Section 9 defines “involved” in a contravention.