Part 3Administration of societies
Other administration matters: Authority to bind society
124Attorneys
A society may, by an instrument signed under section 123(1)(a), appoint a person as its attorney either generally or in relation to a specified matter.
Subsection (1) is subject to the society’s constitution.
An act of the attorney under the instrument binds the society.
Sections 19 to 21 of the Property Law Act 2007 apply, with all necessary modifications, in relation to the power of attorney—
- to the same extent as if the society were a natural person; and
- as if a commencement of the liquidation of the society, or a removal of the society from the register, were an event revoking the power of attorney within the meaning of those sections.
Compare
- 1993 No 105 s 181


