Corporations Act 2001
CHAPTER 2F
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MEMBERS' RIGHTS AND REMEDIES
SECTION 231
231
MEMBERSHIP OF A COMPANY
A person is a member of a company if they:
(a) are a member of the company on its registration; or
(b) agree to become a member of the company after its registration and their name is entered on the register of members; or
(c) become a member of the company under section 167 (membership arising from conversion of a company from one limited by guarantee to one limited by shares). PART 2F.4 - PROCEEDINGS AGAINST A COMPANY BY MEMBERS AND OTHERS
SECTION 247E
247E
SHAREHOLDING DOES NOT PREVENT COMPENSATION CLAIM
A person is not prevented from obtaining damages or other compensation from a company only because the person:
(a) holds, or has held, shares in the company; or
(b) has subscribed for shares in the company; or
(c) has a right to be included in the register that the company maintains under section 169.
A person is a member of a company if they:
(a) are a member of the company on its registration; or
(b) agree to become a member of the company after its registration and their name is entered on the register of members; or
(c) become a member of the company under section 167 (membership arising from conversion of a company from one limited by guarantee to one limited by shares). PART 2F.4 - PROCEEDINGS AGAINST A COMPANY BY MEMBERS AND OTHERS
View history note
Hide history noteA person is not prevented from obtaining damages or other compensation from a company only because the person:
(a) holds, or has held, shares in the company; or
(b) has subscribed for shares in the company; or
(c) has a right to be included in the register that the company maintains under section 169.