(1) A Co-operative Society registered under this Act
shall be a body corporate by the name under which it is
registered having perpetual succession and a common seal.
The Co-operative Society shall be entitled to acquire, hold
and dispose of property, to enter into contracts, to sue and
be sued and to do all other things necessary to achieve its
objectives.
(2) All transactions entered into in good faith prior to registration, in furtherance of the objectives of the Co-operative Society, shall be deemed to be transactions of the Co-operative Society after its registration.
(2) All transactions entered into in good faith prior to registration, in furtherance of the objectives of the Co-operative Society, shall be deemed to be transactions of the Co-operative Society after its registration.