s 45
In forceEffect of fraud
Part 3Legal capacity and powers
Division 3Persons having dealings with co‑operatives
45 Effect of fraud
(1)
A person’s entitlement under this Division to make an assumption is not affected merely by the fact that a person —
(a)
has acted or is acting fraudulently in relation to the dealing or acquisition or purported acquisition of title to property to which the assumption relates; or
(b)
has forged a document that appears to have been sealed on behalf of a co‑operative.
(2)
A person is not entitled to make an assumption if the person has actual knowledge of the fraudulent action or forgery referred to in subsection (1).
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