THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 2G - MEETINGS
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Hide history notePART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES
Division 5 - Proxies and body corporate representatives
SECTION 253B BODY CORPORATE REPRESENTATIVE 253B(1) [Appointment of representative] A body corporate may appoint an individual as a representative to exercise all or any of its powers at a meeting of a registered scheme's members. The appointment may be a standing one. 253B(2) [Content of appointment] The appointment must set out what the representative is appointed to do and 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. 253B(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. 253B(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.
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