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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 274.5

Negotiable instruments (replaceable rule--see section 60 - 1)

  (1)   Any 2 directors of an Aboriginal and Torres Strait Islander corporation that has 2 or more directors, or the director of an Aboriginal and Torres Strait Islander corporation that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument.

  (2)   The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.


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