CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 172.15 Variation, cancellation or modification with unanimous support of class

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 172.15

    If the members in a class of members of an Aboriginal and Torres Strait Islander corporation all agree (whether by resolution or written consent) to the variation, cancellation or modification, it takes effect:

  (a)   if no later date is specified in the resolution or consent--on the date of the resolution or consent; or

  (b)   on a later date specified in the resolution or consent.