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Financial Intermediaries Act 1996
sec.75Effect of incorporation
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sec.75 Effect of incorporation
On the issue of a certificate of incorporation to a society, the society is a corporation with perpetual succession and— has, subject to this Act and the society’s rules, the legal capacity of a natural person; and has a common seal; and may sue and be sued in its corporate name.
- (a) has, subject to this Act and the society’s rules, the legal capacity of a natural person; and
- (b) has a common seal; and
- (c) may sue and be sued in its corporate name.