171Exemption of co-operatives from provisions

171 Exemption of co-operatives from provisions co-operative or class of co-operatives from any or all of the provisions of this Division.

Co-operatives (National Uniform Legislation) Act 2015 112 Chapter 3 Management and operation of co-operatives Part 3.1 Management Division 1 The board 172 Board of directors (1) Subject to this Law and the rules of the co-operative, the business of a co-operative is to be managed by a board of directors. (2) The board must consist of at least 3 directors (not counting alternates of directors) and at least 2 of the directors must be ordinarily resident in Australia. (3) The board of directors may exercise all the powers of the co-operative that are not, by this Law or the rules of the co-operative, required to be exercised by the co-operative in (4) The acts of a director are valid despite any defect that may afterwards be discovered in his or her appointment or qualification.