Northern Territory Consolidated Acts

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CO-OPERATIVES ACT - SECT 47

Effect of fraud

47. Effect of fraud

(1) A person's entitlement under this Division to make an assumption is not affected merely by the fact that any person:

(a) has acted or is acting fraudulently in relation to the dealing or acquisition or purported acquisition of title to property to which the assumption relates; or

(b) has forged a document that appears to have been sealed on behalf of a co-operative.

(2) A person is not entitled to make an assumption if the person has actual knowledge of the fraudulent action or forgery referred to in subsection (1).



[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]