CLOSE CORPORATIONS ACT 1989 No. 120 of 1989 - SECT 62 Majority of members to be residents
CLOSE CORPORATIONS ACT 1989 No. 120 of 1989 - SECT 62
Majority of members to be residents62. (1) A majority of the members of a close corporation must be residents of Australia. (2) A member of a close corporation does not cease to be a resident of Australia merely because of a temporary absence from Australia.