(1) A person is
entitled to make the assumptions in section 42 in relation to —
(a)
dealings with a co-operative; and
(b)
dealings with a person who has, or purports to have, directly or indirectly
acquired title to property from a co-operative.
(2) If a person is
entitled to assume a matter, the co-operative or anyone referred to in
subsection (1)(b) is not entitled to assert in proceedings in relation to the
dealings that the matter is incorrect.