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 2G - MEETINGS

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PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES

Division 6 - Proxies and body corporate representatives

SECTION 250D BODY CORPORATE REPRESENTATIVE

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250D(1) [Appointment of representative]

A body corporate may appoint an individual as a representative to exercise all or any of the powers the body corporate may exercise:

(a) at meetings of a company's members; or

(b) at meetings of creditors or debenture holders; or

(c) relating to resolutions to be passed without meetings.

The appointment may be a standing one.

250D(2) [Restrictions in representatives powers]

The appointment may set out restrictions on the representative's powers. If the appointment is to be by reference to a position held, the appointment must identify the position.

250D(3) [More than 1 representative]

A body corporate may appoint more than 1 representative but only 1 representative may exercise the body's powers at any one time.

250D(4) [Representative's powers]

Unless otherwise specified in the appointment, the representative may exercise, on the body corporate's behalf, all of the powers that the body could exercise at a meeting or in voting on a resolution.

Note:

For resolutions of members without meetings, see sections 249A and 249B.

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