SECTION 198BNEGOTIABLE INSTRUMENTS (REPLACEABLE RULE - SEE SECTION 135)
198B(1)[Execution of negotiable instrument]
Any 2 directors of a company that has 2 or more directors, or the director of a proprietary company that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument.
198B(2)[Directors may determine different execution]
The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.