New South Wales Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1984 - SECT 15

15 Effect of incorporation

(1) On and from the date specified as the date of incorporation in a certificate of incorporation of an association granted under this Act (other than under section 14 (5)), but subject to this Act and the rules of the incorporated association:

(a) in the case of a certificate granted under section 10, the persons who were the members of the association immediately before that date or, where the certificate is granted in respect of a proposed association as referred to in section 8 (2), the persons who under that subsection authorised incorporation of the proposed association,

(b) in the case of a certificate granted under section 47, the persons who were, immediately before that date, the members of the incorporated associations which were parties to the amalgamation to which the certificate relates, or

(c) in the case of a certificate granted under section 48, the persons who, immediately before that date, were the members of the company or society in respect of which the application under that section was made,

together with any other persons who from time to time become members of the incorporated association (as from the time they become members), are an incorporated association by the name set out in the certificate, subject to any change of name effected by the issue of a new certificate of incorporation under section 14 (5).

(2) The incorporated association:

(a) is capable forthwith of performing all the functions of the body corporate,

(b) is capable of suing and being sued,

(c) has perpetual succession and shall have a common seal, and

(d) has power to acquire, hold and dispose of property.

(3) Schedule 2 has effect in relation to an incorporated association.