Who Is Bound by the Replaceable Rules and Constitution

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The Answer is Answer: Under s 140 the constitution and replaceable rules have the effect of a contract between the company and each member; between the company and each officer; and between members.
Section 140 is important in determining the scope of the statutory contract, which has the following legal limitations:
1. The constitution and replaceable rules do not operate as a contract between a member and an officer, or between an officer and another officer.
2. A member has to have a personal right under the constitution and replaceable rules to enforce it.
If constitution and replaceable rules have been breached, then the affected party may ask for a declaration or injunction requiring the company to comply, provided the rule is one that a member can enforce.

Who Is Bound by the Replaceable Rules and Constitution

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Who Is Bound by the Replaceable Rules and Constitution

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Correct Answer:
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