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Co-operative and Community Benefit Societies Act (Northern Ireland) 1969

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[F128CExecution of documentsF2N.I.

(1)The following provisions shall have effect with respect to the execution of documents by a registered society.

(2)A registered society may, if it has a common seal, execute a document by affixing that seal to it.

(3)A document—

(a)signed by a member of the committee of a registered society and the secretary of the society, or by two members of that committee, and

(b)expressed (in whatever form of words) to be executed by the society,

shall have the same effect as if it were executed under the common seal of the society.

(4)A document executed by a registered society which makes it clear on its face that it is intended by the person or persons making it to be a deed shall have effect, upon delivery, as a deed, and it shall be presumed, unless a contrary intention is proved, to be delivered upon its being so executed.

(5)In favour of a purchaser a document shall be deemed to have been duly executed by a registered society if it purports to be signed by a member of the committee of the society and the secretary of the society, or by two members of the committee, and, where it makes it clear on its face that it is intended by the person or persons making it to be a deed, to have been delivered upon its being executed.

(6)Subsections (3) to (5) shall apply whether or not the society has a common seal, and, in subsection (5), “purchaser” means a purchaser in good faith for valuable consideration and includes a lessee, mortgagee or other person who for valuable consideration acquires an interest in property.]

Non-textual amendments applied to the whole Legislation can be found in the Introduction

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