#### 207 Management contracts 207 Management contracts > > (1) A co-operative must not enter into a management contract unless the contract has first been approved by special resolution. > > > (2) A management contract entered into in contravention of subsection (1) is void. > > > (3) In this section— > > > > management contract means a contract or other arrangement under which— > > > > > (a) a person who is not an officer of the co-operative agrees to perform the whole, or a substantial part, of the functions of the co-operative, whether under the control of the co-operative or not; or > > > > > (b) a co-operative agrees to perform the whole or a substantial part of its functions— > > > > > > > (i) in a particular way; or > > > > > > > (ii) in accordance with the directions of any person; or > > > > > > > (iii) subject to stated restrictions or conditions.

Previous section206Restriction on directors of certain co-operatives selling land to co-operative Next section208Declaration of interest