Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-4 - DUTIES AND POWERS OF DIRECTORS AND OTHER OFFICERS AND EMPLOYEES  

Division 274 - Powers of directors  

SECTION 274-1   POWERS OF DIRECTORS (REPLACEABLE RULE - SEE SECTION 60-1)  

274-1(1)    
The business of an Aboriginal and Torres Strait Islander corporation is to be managed by or under the direction of the directors.

274-1(2)    
The directors may exercise all the powers of the corporation except any powers that this Act or the corporation ' s constitution requires the corporation to exercise in general meeting.

Note:

For example, the directors may enter into contracts and borrow money.



 

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