New South Wales Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1984 - SECT 29

29 Entering into contracts

(1) A person acting under the express or implied authority of an incorporated association may enter into, vary or discharge a contract in the name of or on behalf of the association in the same manner as if the contract were entered into, varied or discharged by a natural person.

(2) The entering into, variation or discharge of a contract in accordance with subsection (1) is effectual in law and binds the incorporated association and other parties to the contract.

(3) A contract or other common document executed, or purporting to have been executed, under the common seal of an incorporated association is not invalid by reason only that a person attesting the affixing of the common seal was in any way, whether directly or indirectly, interested in the contract or other document or in the matter to which the contract or other document relates.

(4) Nothing in this section prevents an incorporated association from entering into, varying or discharging a contract under its common seal.

(5) Nothing in this section affects the operation of a law that requires some consent or sanction to be obtained, or some procedure to be complied with, in relation to the entering into, variation or discharge of a contract.

(6) A document or proceeding requiring authentication by an incorporated association may be authenticated by the signature of the public officer of the association and need not be authenticated under the common seal of the association.