Financial Intermediaries Act 1996
sec.85Members who are minors
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sec.85 Members who are minors
Subject to a society’s rules, a minor may be a member. A member of a society who is a minor cannot hold office in a society and cannot vote at a meeting of the society. A member of a society is not entitled, because of the member’s minority or former minority, to avoid the member’s obligations or liabilities— as a member; or under a deed, mortgage, bill, lien, charge, contract, instrument or other document entered into by the member as a member. (sec.85-ssec.1) Subject to a society’s rules, a minor may be a member. (sec.85-ssec.2) A member of a society who is a minor cannot hold office in a society and cannot vote at a meeting of the society. (sec.85-ssec.3) A member of a society is not entitled, because of the member’s minority or former minority, to avoid the member’s obligations or liabilities— as a member; or under a deed, mortgage, bill, lien, charge, contract, instrument or other document entered into by the member as a member.
- (a) as a member; or
- (b) under a deed, mortgage, bill, lien, charge, contract, instrument or other document entered into by the member as a member.