Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) If a society carries on business after the number of its members is reduced to less than 7 for a period of 1 month after its membership is so reduced, every director who is aware that the society is so carrying on business commits an offence.
Maximum penalty: 5 penalty units.
(2) Any person who commits an offence against subsection (1) shall be liable to satisfy all obligations of the society incurred during the period when the society carried on business with less than 7 members and may be sued therefor without any other member being joined in the action.