sec.223Name to appear on seals, publications and business documents

sec.223 Name to appear on seals, publications and business documents

A co-operative must ensure its name appears in legible characters— on each seal of the co-operative; and in all notices, advertisements and other official publications of the co-operative; and in all its business documents. Maximum penalty—$2,000. An officer of a co-operative or a person on its behalf must not— use any seal of the co-operative; or issue or authorise the issue of a notice, advertisement or other official publication of the co-operative; or 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. A director of a co-operative must not knowingly authorise or permit a contravention of this section. Maximum penalty—$2,000. An offence based on subsection (1) is an offence of strict liability. 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 business letter, statement of account, invoice or order for goods or services; or a bill of exchange, promissory note, cheque or other negotiable instrument; or a receipt or letter of credit issued by the co-operative; or a document of a class prescribed by the National Regulations as a class of business documents. (sec.223-ssec.1) A co-operative must ensure its name appears in legible characters— on each seal of the co-operative; and in all notices, advertisements and other official publications of the co-operative; and in all its business documents. Maximum penalty—$2,000. (sec.223-ssec.2) An officer of a co-operative or a person on its behalf must not— use any seal of the co-operative; or issue or authorise the issue of a notice, advertisement or other official publication of the co-operative; or 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. (sec.223-ssec.3) A director of a co-operative must not knowingly authorise or permit a contravention of this section. Maximum penalty—$2,000. (sec.223-ssec.4) An offence based on subsection (1) is an offence of strict liability. (sec.223-ssec.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 business letter, statement of account, invoice or order for goods or services; or a bill of exchange, promissory note, cheque or other negotiable instrument; or a receipt or letter of credit issued by the co-operative; or a document of a class prescribed by the National Regulations as a class of business documents.

• (a) on each seal of the co-operative; and
• (b) in all notices, advertisements and other official publications of the co-operative; and