South Australian Current Acts

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LAW OF PROPERTY ACT 1936 - SECT 24D

24D—Capacities of corporations

        (1)         A corporation sole established under an Act has, and will be taken always to have had—

            (a)         perpetual succession and a common seal; and

            (b)         the capacity to sue and be sued in the corporation's name; and

            (c)         subject to any limitations imposed under an Act, all the powers of a natural person.

        (2)         A right or liability that a corporation sole or corporation aggregate would have acquired or incurred but for the occurrence (before or after the commencement of this section) of a temporary vacancy in the office or offices of the corporation will be treated as having taken effect on the filling of the vacant office or offices as if the vacancy or vacancies had been filled before the right or liability was acquired or incurred.



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