Northern Territory Consolidated Acts Northern Territory Consolidated Acts65. Representatives of bodies corporate
(1) If a body corporate is a member of a co-operative, it may by instrument served on the co-operative appoint a person to represent it in respect of its membership.
(2) A body corporate must not appoint a person to represent the body corporate as a member of a co-operative if the person is currently a member of the co-operative or a representative of another body corporate member.
Penalty: $1,000.
(3) The power to appoint a representative is subject to any restriction imposed by the rules of the co-operative as to the entitlement of a person to represent a body corporate.
(4) A person is not qualified to be appointed the representative of a company that is not a listed corporation (within the meaning of the Corporations Act 2001) unless the person is an officer, member or employee of the company.