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Co-operatives and Community Benefit Societies Act 2003

Co-operatives and Community Benefit Societies Act 2003

2003 CHAPTER 15

Commentary on Sections

Section 4: Purported contracts, deeds and obligations

22.Section 4 amends the 1965 Act to provide for contracts to be enforceable against and by a person who has acted for or on behalf of a society before it is registered. Subsection (1) deals with societies registered under the 1965 Act, by inserting a new section 29A corresponding to section 36C of the Companies Act 1985, inserted by section 130(4) of the Companies Act 1989. Subsection (2) applies the new section 29A to societies registered in Northern Ireland when operating in Great Britain.

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