South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 39

39—Doctrine of ultra vires abolished

        (1)         The objects of this Division are—

            (a)         to provide that the doctrine of ultra vires does not apply to co-operatives; and

            (b)         without affecting the validity of a co-operative's dealings with others, to ensure that the co-operative's officers and members give effect to the provisions of the co-operative's rules relating to the primary activities or powers of the co-operative.

        (2)         This Division is to be construed and have effect in accordance with subsection (1).