s 97
In forceEffect of rules
Part 5Rules
97 Effect of rules
(1)
The rules of a co‑operative have the effect of a contract under seal —
(a)
between the co‑operative and each member; and
(b)
between the co‑operative and each director, the secretary and the chief executive officer of the co‑operative; and
(c)
between a member and each other member.
(2)
Under the contract, each of those persons agrees to observe and perform the provisions of the rules as in force for the time being so far as those provisions apply to that person.
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