New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 263B

263B Members etc not required to see to application of money

(cf Vic Act s 260)
A member or other person from whom a co-operative obtains financial accommodation is not required to see to its application and is not affected or prejudiced by the fact that in doing so the co-operative contravened any provision of this Act or the regulations or the rules of the co-operative.