CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 99.5 Execution of documents (including deeds) by the corporation itself

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 99.5

  (1)   An Aboriginal and Torres Strait Islander corporation may execute a document without using a common seal if the document is signed by:

  (a)   2 directors of the corporation; or

  (b)   a director and a corporation secretary (if any) of the corporation; or

  (c)   if the corporation has only 1 director--that director.

Note:   If an Aboriginal and Torres Strait Islander corporation executes a document in this way, people will be able to rely on the assumptions in subsection   104 - 5(6) for dealings in relation to the corporation.

  (2)   An Aboriginal and Torres Strait Islander corporation with a common seal may execute a document if the seal is fixed to the document and the fixing of the seal is witnessed by:

  (a)   2 directors of the corporation; or

  (b)   a director and a corporation secretary of the corporation; or

  (c)   for an Aboriginal and Torres Strait Islander corporation that has only 1 director--that director.

Note:   If an Aboriginal and Torres Strait Islander corporation executes a document in this way, people will be able to rely on the assumptions in subsection   104 - 5(7) for dealings in relation to the corporation.

  (3)   An Aboriginal and Torres Strait Islander corporation may execute a document as a deed if the document is expressed to be executed as a deed and is executed in accordance with subsection   (1) or (2).

  (4)   This section does not limit the ways in which an Aboriginal and Torres Strait Islander corporation may execute a document (including a deed).