14. Dealings by a body corporate
(1) Stock may be inscribed in the name of a company or other body corporate but the Registrar may first require the body corporate to lodge at the Registry at which the stock is inscribed, or is proposed to be inscribed, as the case may be, evidence that each instrument required to be executed in respect of the stock by or on behalf of the body corporate has been executed in a manner that is effectual in law and binds the body corporate.
(2) Where a document in connection with stock has been executed by a company or other body corporate by the affixing of its seal in the presence of and attested by persons purporting to be the persons authorised so to do by the rules or articles of the body corporate governing the mode of affixing the seal furnished to the Commission, that document shall, for the purposes of the Commission, be deemed to be duly executed by the body corporate and the Commission shall not be bound to enquire into the authority of those persons in the affixing or attesting of the seal or into the authenticity of their signatures.
Friendly Societies, Credit Unions, Industrial Unions, Industrial Organisations or Incorporated Associations