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 2D - OFFICERS AND EMPLOYEES

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History

Chapter 2D substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 2D.1 - DUTIES AND POWERS

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History

Part 2D.1 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

Division 4 - Powers

SECTION 198B   NEGOTIABLE INSTRUMENTS (replaceable rule - see section 135)  

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198B(1)  (Use of negotiable instruments)  

Any 2 directors of a company that has 2 or more directors, or the director of a proprietary company that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument.

198B(2)  [Use of instrument in a different way]  

The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.

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History

S 198B inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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