An incorporated society is a legal entity that is separate from its members. As a result it can lease, buy, rent, sell property, borrow money and enter into contracts in its own name. Because the rules of the society meet the minimum requirement laid down in the Act, there is some certainty about the way the affairs of the society should be handled.
All property belongs to the society, so no individual has personal interests or rights in it.
All incorporated societies must be registered at an office of the Registrar of Incorporated Societies.