50Agent exercising co-operative's power to make contracts

50 Agent exercising co-operative's power to make contracts (cf Corporations Act s 126) (1) A co-operative's power to make, vary, ratify or discharge a contract may be exercised by an individual acting with the co-operative's express or implied authority and on behalf of the co-operative.

Co-operatives (National Uniform Legislation) Act 2015 55 (2) The power may be exercised without using a common seal. (3) This section does not affect the operation of a law that requires a particular procedure to be complied with in relation to the contract.