38
CurrentEffect of incorporation
Chapter 2Formation, powers and constitution of co-operatives
Part 2.2Legal capacity and powers
Division 1General powers
38 Effect of incorporation
As a corporation, a co-operative:
(a)
has perpetual succession; and
(b)
may have a common seal; and
(c)
may sue and be sued in its corporate name; and
(d) subject to this Law, is capable of taking, purchasing, leasing, holding, selling and disposing of real and personal property; and
(e) may do and suffer all acts and things that corporations may by law do and suffer and that are necessary or expedient.
This Act’s bill:Explanatory statement
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.