Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) A cooperative may, by writing under its common seal, authorise a person, either generally or in relation to a particular matter, as its agent or attorney to execute deeds on its behalf.
(2) A deed signed by the agent or attorney on behalf of the cooperative and under the seal of the agent or attorney, or under the appropriate official seal of the cooperative, binds the cooperative and has effect as if it were under the common seal of the cooperative.
(3) The authority of the agent or attorney, as between the cooperative and a person dealing with the agent or attorney, continues during—
(a) if the instrument giving the authority specifies the period during which the authority continues—that period; or
(b) in any other case—until notice of the revocation or termination of the authority of the agent or attorney has been given to the person dealing with the agent or attorney.