11Receipts, &c.

11 Receipts, &c.

A receipt, release, or discharge that is signed, given, or executed –

(a) if not under seal, by –

(i) the State Secretary or State Treasurer of the corporation; or

(ii) any 2 members of the executive committee; or

(b) if under seal, by any 3 members of the executive committee –

shall be deemed, for all purposes, to be a complete acquittance by the corporation, to the person to whom it is given, for or in respect of the matters to which it relates.