Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 253B

Body corporate representative

 
 
(1)
A body corporate may appoint an individual as a
representative to exercise all or any of its powers at a meeting of a
registered scheme's members. The appointment may be a standing one.


(2)
The appointment must set out what the representative is appointed
to do and may set out restrictions on the representative's powers. If the
appointment is to be by reference to a position held, the appointment must
identify the position.


(3)
A body corporate may appoint more than 1 representative but only
1 representative may exercise the body's powers at any one time.


(4)
Unless otherwise specified in the appointment, the representative
may exercise, on the body corporate's behalf, all of the powers that the body
could exercise at a meeting or in voting on a resolution.