Requirements of Association
or society
Association or society to be
body corporate
(1) An
association or society shall be an autonomous and body corporate with perpetual
succession.
(2) An
association or society shall have a separate seal of its own for all of its
activities.
(3) An
association or society may, like an individual, acquire, use and otherwise deal
with any movable and immovable property.
(4) An
association or society may, like an individual, sue by its name and be also
sued by the same name.
Liability of association or
society to be limited
(1) The
liability of an association or society shall be limited.
(2) The name
of each association or society shall contain the word "cooperative"
and the word "limited" as its last word.
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