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 6 - TAKEOVERS

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History

Chapter 6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 6.5 - THE TAKEOVER PROCEDURE

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History

Part 6.5 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

Division 2 - The bidder's statement

SECTION 637   BIDDER'S STATEMENT FORMALITIES  

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637(1)  Approval.  

The copy of the bidder's statement that is lodged with ASIC must be approved by:

(a)  for a bidder that is a body corporate:

(i) if the consideration offered under the bid is a cash sum only - a resolution passed by the directors of the bidder; or

(ii) otherwise - a unanimous resolution passed by all the directors of the bidder; or

(b)  for a bidder who is an individual - the bidder.

637(2)  [Statement to be dated]  

The bidder's statement must be dated. The date is the date on which it is lodged with ASIC.

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History

S 637 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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