(1) A co-operative
may, by writing under its common seal, empower a person, either generally or
in relation to a specified matter, as its agent or attorney ( authorised
attorney ) to execute deeds on its behalf.
(2) A deed signed by
an authorised attorney on behalf of the co-operative and under the seal of the
attorney, or under the appropriate official seal of the co-operative, binds
the co-operative and has effect as if it were under the common seal of the
co-operative.
(3) The authority of
an authorised attorney, as between the co-operative and a person dealing with
the attorney, continues during the period, if any, specified in the instrument
conferring the authority or, if no period is specified, until notice of the
revocation or termination of the authority of the attorney has been given to
the person dealing with the attorney.