In force2015 Revised EditionCurrent version · 2015 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Co-Operative Societies Act · 2015 Revised Edition · Part IV
Co-Operative Societies Act · 2015 Revised Edition · Part IV
Official textFrom Attorney General's Chambers, unchanged
In the conduct of the affairs of a registered society, the members of the Board of such registered society shall exercise the prudence and diligence of ordinary men of business and shall be jointly and severally liable for any loss sustained through failure to exercise such prudence and diligence or through any act which is contrary to the Act, the rules or the by-laws of such registered society or the direction of its general meeting.
registered society
“registered society” means a co-operative society registered under this Act;
Co-operative Societies
by-laws
“by-laws” means the registered by-laws made by a society in the exercise of any power conferred by this Act, and includes a registered amendment of the by-laws;
registered society
“registered society” means a co-operative society registered under this Act;
Part IV
Part V
Part VI
Part VIII
Part IX
Part X
Part XI