32
CurrentAcquisition of property
Part IIIncorporation of societies
Division 4Privileges, powers, and duties
32 Acquisition of property
(1)
A society may acquire by lease purchase donation devise bequest or otherwise any real or personal property for any objects of the society and may sell or lease any such real or personal property.
S. 32(2) inserted by No. 6821 s. 5(b).
(2)
A society may if authorized in writing by the registrar become a member of a society registered under the Co-operation Act 1958 and may with the approval of the registrar take such shares and make any other investment in any such society as the registrar approves.
No. 6138 s. 33.
This Act’s bill:Second reading speech
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