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s 370

Authorisation to carry on business

In force
Part 14Participating co‑operatives
Division 2Participating co‑operatives carrying on business in this State

370 Authorisation to carry on business

(1)

A participating co‑operative is, by this Act, authorised to carry on business in this State unless it ceases to be so authorised under section 376.

(2)

The authorisation of a participating co‑operative is subject to the same conditions or restrictions that apply to the carrying on of its business under its registration in the participating jurisdiction.

[Section 370 amended: No. 7 of 2016 s. 130.]

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