Part 4A society's capacity and related matters

Capacity of society and power of committee to bind it

46No duty to enquire as to capacity of society or authority of committee

A party to a transaction with a registered society is not bound to enquire as to—

(a)

whether the transaction is permitted by the society's registered rules, or

(b)

any limitation on the powers of the committee to bind the society or authorise others to do so.