THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 198C MANAGING DIRECTOR (replaceable rule - see section 135)

198C(1) [Conferral of power]

The directors of a company may confer on a managing director any of the powers that the directors can exercise.

198C(2) [Power can be revoked or varied]

The directors may revoke or vary a conferral of powers on the managing director.