South Australian Consolidated Acts South Australian Consolidated Acts51—Co-operative may authorise person to execute deed
(1) A co-operative
may, by writing under its common seal, empower a person, either generally or
in respect of a specified matter or specified matters, as its agent or
attorney to execute deeds on its behalf.
(2) A deed signed by
such an agent or attorney on behalf of the co-operative and under the seal of
the agent or attorney, or under the appropriate official seal of the
co-operative, binds the co-operative and has effect as if it were under the
common seal of the co-operative.
(3) The authority of
such an agent or attorney, as between the co-operative and a person dealing
with the agent or attorney, continues during the period, if any, mentioned in
the instrument conferring the authority or, if no period is so mentioned,
until notice of the revocation or termination of the authority of the agent or
attorney has been given to the person dealing with the agent or attorney.