Co-operatives National Law (Queensland)
sec.55Effect of rules
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sec.55 Effect of rules
The rules of a co-operative have the effect of a contract under seal— between the co-operative and each member; and between the co-operative and each director, the chief executive officer and the secretary of the co-operative; and between a member and each other member. Under the contract, each of those persons agrees to observe and perform the provisions of the rules as in force for the time being so far as those provisions apply to the person. (sec.55-ssec.1) The rules of a co-operative have the effect of a contract under seal— between the co-operative and each member; and between the co-operative and each director, the chief executive officer and the secretary of the co-operative; and between a member and each other member. (sec.55-ssec.2) Under the contract, each of those persons agrees to observe and perform the provisions of the rules as in force for the time being so far as those provisions apply to the person.
- (a) between the co-operative and each member; and
- (b) between the co-operative and each director, the chief executive officer and the secretary of the co-operative; and
- (c) between a member and each other member.