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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 700
Expenses of directors of target company
700. Notwithstanding anything in the constitution of a company, the directors
of the company are entitled to have refunded to them by the company any
expenses reasonably incurred by them in the interest of the members of the
company in relation to a takeover scheme involving the acquisition of shares
in the company or in relation to a takeover announcement relating to shares in
the company.
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