Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANIES (ACQUISITION OF SHARES) ACT 1980 No. 64 of 1980 - SECT 41

Expenses of directors of target company
41. Notwithstanding anything in the constituent documents 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 take-over scheme involving the acquisition of shares
in the company or in relation to a take-over announcement relating to shares
in the company. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback