Acts and commitments taken over by the cooperative regularly formed and registered shall be deemed having been undertaken from the outset.
Acts and commitments which have not been accepted by the cooperative under the conditions provided for by this Uniform Act shall not be enforceable thereto and individuals who have undertaken them shall be held jointly and indefinitely liable for their inherent obligations.
Sub-section 3: Undertakings on behalf of a cooperative formed before its registration
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 32
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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