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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 99.1 Agent exercising a corporation's power to make contracts etc.

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 99.1

Agent exercising a corporation's power to make contracts etc.

  (1)   An Aboriginal and Torres Strait Islander corporation's power to make, vary, ratify or discharge a contract may be exercised by an individual acting with the corporation's express or implied authority and on behalf of the corporation. 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.