15C—Corporate nature of co-management board
(1) The co-management
board—
(a) is a
body corporate; and
(b) has
perpetual succession and a common seal; and
(c) can
sue and be sued in its corporate name; and
(d) has
all the powers of a natural person that are capable of being exercised by a
body corporate; and
(e) has
the functions and powers assigned or conferred by or under this or any other
Act.
(2) If a document
appears to bear the common seal of the co-management board, it will be
presumed, in the absence of proof to the contrary, that the common seal of the
co-management board was duly fixed to the document.