sch.7-sec.59Seal (CNL ss49 & 223)

sch.7-sec.59 Seal (CNL ss49 & 223)

This rule applies if the co-operative chooses to authenticate a document under the common seal of the co-operative. The co-operative’s name and registration number must appear on its common seal and any official seal. The common seal must be kept at the registered office in the custody that the board directs. The co-operative may have one or more official seals for use outside the State or Territory in place of its common seal. Each of the additional seals must be a facsimile of the common seal with the addition on its face of the name of the place where it is to be used. The seal of the co-operative must not be affixed to an instrument other than under a resolution of the board. Two directors, or one director and the secretary, must be present and must sign all instruments sealed while they are present. (sch.7-sec.59-ssec.1) This rule applies if the co-operative chooses to authenticate a document under the common seal of the co-operative. (sch.7-sec.59-ssec.2) The co-operative’s name and registration number must appear on its common seal and any official seal. The common seal must be kept at the registered office in the custody that the board directs. (sch.7-sec.59-ssec.3) The co-operative may have one or more official seals for use outside the State or Territory in place of its common seal. Each of the additional seals must be a facsimile of the common seal with the addition on its face of the name of the place where it is to be used. (sch.7-sec.59-ssec.4) The seal of the co-operative must not be affixed to an instrument other than under a resolution of the board. Two directors, or one director and the secretary, must be present and must sign all instruments sealed while they are present.