Name and place of origin to appear on business and other documents of participating co‑operative
380 Name and place of origin to appear on business and other documents of participating co‑operative
In this section —
business document, of a participating co‑operative, means a document that is issued, signed or endorsed by or on behalf of the co‑operative and is —
a business letter, statement of account, invoice or order for goods or services; or
a bill of exchange, promissory note, cheque or other negotiable instrument; or
a receipt or letter of credit issued by the co‑operative; or
a document belonging to a class prescribed by the regulations as a class of business document.
A participating co‑operative must ensure its name, the jurisdiction of its registration and any other information prescribed by the regulations appear in legible characters —
on each seal of the co‑operative; and
in all notices, advertisements and other official publications of the co‑operative; and
in all its business documents.
Penalty for this subsection: a fine of $2 000.
An officer of a participating co‑operative or a person on its behalf must not —
use any seal of the co‑operative; or
issue or authorise the issue of a notice, advertisement or other official publication of the co‑operative; or
sign or authorise to be signed on behalf of the co‑operative any business document of the co‑operative,
in or on which the co‑operative’s name or place of origin does not appear in legible characters.
Penalty for this subsection: a fine of $2 000.
A director of a participating co‑operative must not knowingly authorise or permit a contravention of this section.
Penalty for this subsection: a fine of $2 000.
Despite The Criminal Code section 23B(2), it is immaterial for the purposes of subsection (2) that any event occurred by accident.
[Section 380 inserted: No. 7 of 2016 s. 135.]
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