Co-operatives National Law (NSW)
49Execution of documents by co-operative
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49 Execution of documents by co-operative
49 Execution of documents by co-operative
(cf Corporations Act s 127)
(1) A co-operative may execute a document without using a common seal if the document is signed by—
(a) 2 directors of the co-operative; or
(b) a director and the secretary of the co-operative.
(2) A co-operative with a common seal may execute a document if the seal is fixed to the document and the fixing of the seal is witnessed by—
(a) 2 directors of the co-operative; or
(b) a director and the secretary of the co-operative.
(3) A co-operative may execute a document as a deed if the document is expressed to be executed as a deed and is executed in accordance with subsection (1) or (2).
(4) This section does not limit the ways in which a co-operative may execute a document (including a deed).