39
CurrentPower to form companies and enter into joint ventures
Chapter 2Formation, powers and constitution of co-operatives
Part 2.2Legal capacity and powers
Division 1General powers
39 Power to form companies and enter into joint ventures
Without limiting any other provision of this Law, a co-operative has power:
(a)
to form or participate in the formation of a corporation or unit trust; and
(b)
to acquire interests in and sell or otherwise dispose of interests in corporations, unit trusts and joint ventures; and
(c)
to form or enter into a partnership, joint venture or other association with other persons or bodies.
This Act’s bill:Explanatory statement
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