[F1 Capacity of society and power of committee to bind it E+W+S

Textual Amendments

F1 Ss. 7A-7F and cross-heading inserted (1.4.2004) by Co-operatives and Community Benefit Societies Act 2003 (c. 15), ss. 3, 7(1); S.I. 2003/2678, art. 2(1)

7C No duty to enquire as to capacity of society or authority of committee. E+W+S

A party to a transaction with a registered society is not bound to enquire as to whether it is permitted by the society’s registered rules or as to any limitation on the powers of the committee to bind the society or authorise others to do so. ]