Part 1 — Incorporating a Cooperative Division 1 Application to Incorporate
25 Reliance on cooperative's records
cooperative may assert against a person dealing with the
cooperative or against a person who acquired rights from the
cooperative that
(a) the cooperative's articles, bylaws or any unanimous
agreement have not been complied with;
(b) the persons named in the most recent notice of directors
filed with the Registrar are not the directors;
(c) the place named in the mo st recent notice of registered
office filed with the Registrar is not the registered office;
(d) a person held out as a director, an officer or an agent of the
cooperative has not been duly appointed or has no authority
to exercise the powers and perform the duties that are
customary in the business of the cooperative or usual for a
director, officer or agent;
(e) a document issued by a dir ector, officer or agent of the
cooperative with actual or usual authority to issue it is not
valid or genuine;
(f) any financial assistance re ferred to in section 140 was not
disclosed in accordance with that section;
(g) a sale, lease or exchange of all or substantially all of the
property of the cooperative was not authorized.
(2) Subsection (1) does not apply in respect of a person who has,
or ought to have, knowledge to that effect by virtue of that person's
relationship to the cooperative.
2001 cC-28.1 s25;2022 c16 s3(91)