469Name and place of origin to appear on business and other documents

469 Name and place of origin to appear on business and other documents

(1) A participating co-operative must ensure its name, the jurisdiction of its registration and any other information prescribed by the National Regulations appear in legible characters:

(a) on each seal of the co-operative; and

(b) in all notices, advertisements and other official publications of the participating co-operative; and

(c) in all its business documents.

(2) An officer of a participating co-operative or a person on its behalf must not:

(a) use any seal of the co-operative; or

(b) issue or authorise the issue of a notice, advertisement or other official publication of the co-operative; or

(c) sign or authorise to be signed on behalf of the co-operative any business document of the co-operative;

in or on which the co-operative’s name or place of origin does not appear in legible characters.

(3) A director of a participating co-operative must not knowingly authorise or permit a contravention of this section.

business document of a participating co-operative means a document that is issued, signed or endorsed by or on behalf of the co-operative and is:

(a) a business letter, statement of account, invoice or order for goods or services; or

(b) a bill of exchange, promissory note, cheque or other negotiable instrument; or

(c) a receipt or letter of credit issued by the co-operative; or

(d) a document of a class prescribed by the National Regulations as a class of business documents.

Part 5.4 Winding up of participating co-operatives in this jurisdiction