Australian Capital Territory Consolidated Acts

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COOPERATIVES ACT 2002 - SECT 39

Objects of div 3.2

The objects of this division are—

        (a)     to provide that the doctrine of ultra vires does not apply to cooperatives; and

        (b)     without affecting the validity of a cooperative's dealings with others, to ensure that the cooperative's officers and members give effect to the provisions of the cooperative's rules relating to the primary activities or powers of the cooperative.



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