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Deemed authority: s 40 of the Act

The Law of Companies

Author:
Thomas B Courtney
Publisher:
Bloomsbury Professional
Edition:
Fourth edition
Law Stated At:
30 September 2016
Chapter 7: Corporate Contracts, Capacity and Authority [B]: The Authority of Corporate Agents (a) Section 40 applies to ‘transactions’ (b) Transaction must be with board of directors or a registered person (c) Section 40(1) will override any constitutional limitations (d) Consequences for directors where constitutional limitations exceeded ...

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