law: Co-Operative Societies Act 2008 
  16.
  
  Capacity and powers
  1.      The registration of a
  
  society shall render it a body corporate with perpetual succession and with
  
  power to hold property, to enter into contracts, to institute and defend suits
  
  and to do all things necessary in accordance with this Act and its by-laws.
  2.      A society shall not
  
  carry on any business or exercise any power that it is restricted by its
  
  by-laws or written law from carrying on or exercising nor shall a society
  
  exercise any of its powers in a manner contrary to its by-laws.
  3.      No person is affected
  
  by, or presumed to have notice or knowledge of, the contents of a document
  
  concerning a society by reason only that the document has been filed with the
  
  Registrar or is available for inspection at any office of the society.
  4.      Subject to the
  
  approval of the Registrar and unless the societies have agreed in writing
  
  thereto, no person shall be a member of more than one registered society whose
  
  primary object is to grant loans to its members.