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:...

CHAPTER 2B - BASIC FEATURES OF A COMPANY

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History

Chapter 2B inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

PART 2B.1 - COMPANY POWERS AND HOW THEY ARE EXERCISED

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Part 2B.1 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 126   AGENT EXERCISING A COMPANY'S POWER TO MAKE CONTRACTS  

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126(1)  (Acting on company's behalf)  

A company's power to make, vary, ratify or discharge a contract may be exercised by an individual acting with the company's express or implied authority and on behalf of the company. The power may be exercised without using a common seal.

126(2)  (Non-application)  

This section does not affect the operation of a law that requires a particular procedure to be complied with in relation to the contract.

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History

S 126 substituted by No 61 of 1998, Sch 1 (effective 1 July 1998).

S 126 substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

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