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CORPORATIONS ACT 2001

CHAPTER 2B - BASIC FEATURES OF A COMPANY  

PART 2B.1 - COMPANY POWERS AND HOW THEY ARE EXERCISED  

SECTION 126  AGENT 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.

 



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