Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
97 Rights of members
or in a unanimous agreement restricts the discretion or powers of
the directors to manage, or supervise the management of, the
business and affairs of the cooperative, members who are given the
power to manage, or supervise the management of, the business
and affairs of the cooperative have all the rights, powers, duties and
liabilities of directors, whether they arise under this Act or
otherwise, and any defences available to the directors, and the
directors are relieved of their rights, powers, duties and liabilities,
including their liability under section 79, to the same extent.