Queensland Consolidated Acts

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COOPERATIVES ACT 1997 - SECT 43

43 Assumptions

(1) A person may assume that the cooperative's rules have been complied with.

(2) A person may assume that anyone who appears, from information provided by the cooperative that is available to the public from the registrar, to be a director or officer of the cooperative--

(a) has been properly appointed; and
(b) has authority to exercise the powers and perform the duties customarily exercised or performed by a director or officer of a similar cooperative.

(3) A person may assume that anyone who is held out by the cooperative to be an officer or agent of the cooperative--

(a) has been properly appointed; and
(b) has authority to exercise the powers and perform the duties customarily exercised or performed by that kind of officer or agent of a similar cooperative.

(4) A person may assume that anyone who is, or may be assumed to be, an officer or agent of the cooperative who has authority to issue a document or a certified copy of a document on its behalf also has authority to warrant that the document is genuine or is a true copy.

(5) A person may assume that a document has been properly executed by the cooperative if it is signed by 2 people, 1 of whom is, or may be assumed to be, a director of the cooperative, and the other is, or may be assumed to be, a director or officer of the cooperative.

(6) A person may assume that a document has been sealed by the cooperative if it bears what appears to be an impression of the cooperative's seal and the sealing of the document appears to be witnessed by 2 people, 1 of whom is, or may be assumed to be, a director of the cooperative, and the other is, or may be assumed to be, a director or officer of the cooperative.

(7) A person may assume that the officers and agents of the cooperative properly perform their duties to the cooperative.



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