PART 2B.1 - COMPANY POWERS AND HOW THEY ARE EXERCISED
SECTION 126AGENT EXERCISING A COMPANY'S POWER TO MAKE CONTRACTS
126(1)[Acting on company's behalf]
A company's power to make, vary, ratify or discharge a contract may be exercised by an individual acting with the company's express or implied authority and on behalf of the company. The power may be exercised without using a common seal.
126(2)[Effect of section]
This section does not affect the operation of a law that requires a particular procedure to be complied with in relation to the contract.