No. XXI.
An Act to make good certain Contracts which have been or may be entered into by certain Banking and other Copartnerships. [22nd October, 1839.]
| WH E R E A S | more | t h a n | six m e m b e r s or shareholders have | from | t i m e | to |
| divers Associat ions and Copar tnersh ips consis t ing | of |
| t i m e been formed for t h e purpose | of be ing engaged in and | ca r ry ing |
| on t h e business of b a n k i n g | a n d | divers | o ther | t rades | a n d | deal ings | for |
ga in a n d profit a n d have accordingly for some t i m e pas t been a n d now are engaged in ca r ry ing on t h e same by means of Boards of Di rec tors or M a n a g e r s Commit tees or o ther Officers ac t ing on behalf
| of all t h e member s or shareholders of or persons otherwise | in teres ted |
in such Associat ions or Copar tnersh ips A n d whereas divers sp i r i tua l persons have been and are member s or shareholders of or o therwise in te res ted in divers of such Associat ions a n d Copar tnersh ips A n d whereas doubts have ar isen as to whe the r t h e ho ld ing of such shares or in te res t s by such spi r i tual persons was con t ra ry to law A n d whereas i t is expedient to quiet such doubts a n d to r ender legal and val id all Cont rac t s entered in to by such Associat ions or Copar tnersh ips
| or which | m a y b e | entered | in to by | t h e m a l t hough t h e same m a y |
now be void b y reason of such sp i r i tua l persons be ing or h a v i n g been such m e m b e r s or shareholders or otherwise interested as aforesaid Be it therefore declared and enacted by H i s Exce l lency
| t h e | Governor | of | N e w | South | W a l e s | w i th | t h e | advice | of | t h e |
| Legis la t ive | Counci l thereof | and | by | t h e | au thor i ty of | t he | same |
T h a t no such Associat ion or Copar tnersh ip already formed or which m a y be formed a t any fu ture t i m e no r any Cont rac t e i ther as be tween t h e m e m b e r s pa r tne r s or shareholders composing such Associat ion or Copar tnersh ip for t he purposes thereof or as be tween such Associat ion or Copar tne rsh ip and o ther persons heretofore entered in to or which shall be hereafter entered in to by any such Associat ion or Copar tnersh ip a l ready formed or hereafter to be formed shal l be deemed or t aken to be i l legal or void or t o occasion any forfeiture whatsoever by reason only of any sp i r i tua l person or persons whatever be ing or hav ing been a m e m b e r p a r t n e r shareholder m a n a g e r or director of or otherwise in teres ted in t h e same b u t all such Associat ions and Copar tnersh ips shal l have the same val idi ty and all such Cont rac t s shal l a n d m a y be enforced in t h e same m a n n e r to all i n t en t s a n d
| purposes as if no such spi r i tual person h a d been or was a | m e m b e r |
| p a r t n e r | shareholder m a n a g e r | or | director | of | or | in te res ted | in | such |
| Associat ion | or | Copar tnersh ip . |