s 479
In forceCivil remedies
Part 17Legal proceedings and other matters
Division 1Offences, enforcement and remedies
479 Civil remedies
(1)
If a co‑operative, in making, guaranteeing or raising any loan or receiving any deposit, contravenes this Act or a rule of the co‑operative, the civil rights and liabilities of the co‑operative or any other person in respect of the recovery of the loan or deposit are not affected or prejudiced by the contravention, but the money becomes immediately payable.
(2)
The same remedies may be had for the recovery of the loan or deposit and for the enforcement of any security for it as if there had not been a contravention of this Act or of the rules of the co‑operative.
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