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PROPERTY LAW ACT 1974 - SECT 46F
Execution by corporation
46F Execution by corporation
(1) Subject to subsection (2A) , a corporation may execute a document that is
to have effect as a deed, without using a seal, if the document is signed
by— (a) 2 directors of the corporation; or
(b) 1 director and 1 secretary
of the corporation; or
(c) for a proprietary company that has a sole
director—that director, if— (i) the director is also the sole company
secretary; or
(ii) the company does not have a company secretary; or
(d) a
lawfully authorised agent or attorney of the corporation, whether or not the
agent or attorney is appointed under seal.
(2) Subject to subsection (2A) , a
corporation with a common seal may execute a document that is to have effect
as a deed if the seal is fixed to the document and the fixing of the seal is
witnessed by— (a) 2 directors of the corporation; or
(b) 1 director and 1
secretary of the corporation; or
(c) for a proprietary company that has a
sole director—that director, if— (i) the director is also the sole company
secretary; or
(ii) the company does not have a company secretary.
(2A) A
corporation sole or statutory corporation may execute a document that is to
have effect as a deed, without using a seal, if the document is signed by a
person, or in a way, authorised by the Act or another document under which the
corporation is established, incorporated or registered.
(3) For subsection
(2) , or a corporation sole or statutory corporation if a seal is used, the
fixing of a seal to a document is taken to have been witnessed by a person
if— (a) the person observes the fixing of the seal by audio visual link; and
(b) the person signs the document; and
(c) the document includes a statement
that the person observed the fixing of the seal by audio visual link.
(5) A
corporation that is not incorporated under an Australian law may execute a
document that is to have effect as a deed if the document is signed by a
person, or in a way, authorised by the law of the place in which the
corporation is incorporated.
(6) A document that is to have effect as a deed
may be signed under this section whether or not in the presence of a witness.
(7) If a person signs a document that is to have effect as a deed for a
corporation as a lawfully authorised agent or attorney for the corporation,
the person must— (a) sign the document in a way that indicates the person is
signing as a lawfully authorised agent or attorney; and
(b) if the person is
an individual—sign the document under section 46E ; and
(c) if the person
is a corporation—sign the document under this section.
(8) This section
does not limit the ways in which a document that is to have effect as a deed
for a corporation may be executed by the corporation.
(9) In this section—
"attorney" , for a corporation, means a person acting under the authority of a
power of attorney given by the corporation under a deed, a general power of
attorney under the Powers of Attorney Act 1998 , or another law.
"audio visual link" means facilities that enable reasonably contemporaneous
and continuous audio and visual communication between persons at different
places and includes videoconferencing.
"statutory corporation" means an entity established, incorporated or
registered under an Act of the Commonwealth or a State, that is not a
corporation registered under the Corporations Act .
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