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 637 BIDDER'S STATEMENT FORMALITIES

View history reference

637(1) Approval.

The copy of the bidder's statement that is lodged with ASIC must be approved by:

(a) for a bidder that is a body corporate:

(i) if the consideration offered under the bid is a cash sum only - a resolution passed by the directors of the bidder; or

(ii) otherwise - a unanimous resolution passed by all the directors of the bidder; or

(b) for a bidder who is an individual - the bidder.

637(2) [Statement to be dated]

The bidder's statement must be dated. The date is the date on which it is lodged with ASIC.