Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 126

Agent exercising a company's power to make contracts

             (1)  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.

             (2)  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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