223Name to appear on seals, publications and business documents

223 Name to appear on seals, publications and business documents

223 Name to appear on seals, publications and business documents

(1) A co-operative must ensure its name appears in legible characters—

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

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

(c) in all its business documents.

Maximum penalty—$2,000.

(2) An officer of a 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 a business document of the co-operative;

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

Maximum penalty—$2,000.

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

Maximum penalty—$2,000.

(4) An offence based on subsection (1) is an offence of strict liability.

(5) In this section—

business document of a 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.