Australian Capital Territory Repealed Acts

This legislation has been repealed.

CO-OPERATIVE SOCIETIES ACT 1939 (REPEALED) NO 9 - SECT 16A

    (1)     A society has power to do all things necessary for the purpose of carrying out its objects and, for that purpose, a society may, if so authorised by its rules—

        (a)     raise money (whether on loan or by negotiating prescribed bills of exchange) or obtain other financial accommodation; and

        (b)     receive money on deposit; and

        (c)     acquire shares in another society.