Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-4
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DUTIES AND POWERS OF DIRECTORS AND OTHER OFFICERS AND EMPLOYEES
Division 274
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Powers of directors
SECTION 274-1
POWERS OF DIRECTORS (REPLACEABLE RULE
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SEE SECTION 60-1)
274-1(1)
The business of an Aboriginal and Torres Strait Islander corporation is to be managed by or under the direction of the directors.
274-1(2)
The directors may exercise all the powers of the corporation except any powers that this Act or the corporation ' s constitution requires the corporation to exercise in general meeting.
The business of an Aboriginal and Torres Strait Islander corporation is to be managed by or under the direction of the directors.
274-1(2)
The directors may exercise all the powers of the corporation except any powers that this Act or the corporation ' s constitution requires the corporation to exercise in general meeting.
Note:
For example, the directors may enter into contracts and borrow money.
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