46
CurrentPerson who knows or ought to know cannot make assumptions
Chapter 2Formation, powers and constitution of co-operatives
Part 2.2Legal capacity and powers
Division 3Persons having dealings with co-operatives
46 Person who knows or ought to know cannot make assumptions
This Division does not entitle a person to make an assumption, and does not prevent an assertion being made in relation to an assumption, if—
(a)
the person has actual knowledge that the assumption is not correct; or
(b)
the person ought to know that the assumption is not correct because of the nature of the person’s connection or relationship with the co-operative.
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.