Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 3 - BASIC FEATURES OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION  

PART 3-5 - CORPORATION POWERS AND HOW THEY ARE EXERCISED  

Division 99 - How are a corporation ' s powers exercised?  

SECTION 99-1   AGENT EXERCISING A CORPORATION ' S POWER TO MAKE CONTRACTS ETC.  

99-1(1)    
An Aboriginal and Torres Strait Islander corporation ' s power to make, vary, ratify or discharge a contract may be exercised by an individual acting with the corporation ' s express or implied authority and on behalf of the corporation. The power may be exercised without using a common seal.

99-1(2)    
This section does not affect the operation of a law that requires a particular procedure to be complied with in relation to the contract.


 

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