Co-operatives National Law (Queensland)
sec.49Execution of documents by co-operative (cf Corporations Act s 127 )
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sec.49 Execution of documents by co-operative (cf Corporations Act s 127 )
A co-operative may execute a document without using a common seal if the document is signed by— 2 directors of the co-operative; or a director and the secretary of the co-operative. 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— 2 directors of the co-operative; or a director and the secretary of the co-operative. 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) . This section does not limit the ways in which a co-operative may execute a document (including a deed). (sec.49-ssec.1) A co-operative may execute a document without using a common seal if the document is signed by— 2 directors of the co-operative; or a director and the secretary of the co-operative. (sec.49-ssec.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— 2 directors of the co-operative; or a director and the secretary of the co-operative. (sec.49-ssec.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) . (sec.49-ssec.4) This section does not limit the ways in which a co-operative may execute a document (including a deed).
- (a) 2 directors of the co-operative; or
- (b) a director and the secretary of the co-operative.
- (a) 2 directors of the co-operative; or
- (b) a director and the secretary of the co-operative.