Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Note: This Part does not apply to a CCIV: see section 1224E .

Division 3 - Resignation, retirement or removal of directors  

SECTION 203AB   RESIGNATION OF DIRECTORS - RESIGNATION HAS NO EFFECT IF COMPANY HAS NO OTHER DIRECTORS  

203AB(1)    
The resignation of a director of a company does not take effect if, at the end of the day that the resignation is to take effect, the company does not have at least one director.

Note: For the application of this section, see Part 10.37 .

203AB(2)    
However, subsection (1) does not prevent the resignation of a director of a company taking effect if the resignation is to take effect on or after the day that the winding up of the company is taken, because of Division 1A of Part 5.6 , to have begun.