(c) may take proceedings and be proceeded against in its corporate
name,
(d) may, for the purpose of enabling it to exercise its functions,
purchase, exchange, take on lease, hold, dispose of and otherwise deal with
property, and
(e) may do and suffer all other things that bodies corporate
may, by law, do and suffer and that are necessary for, or incidental to, the
exercise of its functions.
(2) The seal of a statutory corporation (being a
corporation that has 2 or more members) shall be kept by the president,
chairperson or other principal officer of the corporation and shall be affixed
to a document only--
(a) in the presence of at least 2 members of the
corporation, and
(b) with an attestation by the signatures of those members
of the fact of the affixing of the seal.
(3) Every document requiring
authentication by a statutory corporation may be sufficiently authenticated
without the seal of the corporation--
(a) in the case of a corporation that
has 2 or more members--if it is signed by the president, chairperson or other
principal officer of the corporation or by any member of the staff of the
corporation authorised to do so by the president, chairperson or other
principal officer,
(b) in the case of a corporation sole--if it is signed by
the person by whom the corporation is constituted or by any member of the
staff of the corporation authorised to do so by that person, or
(c) in the
case of a corporation that has no members--if it is signed by the person for
the time being managing the affairs of the corporation or by any member of the
staff of the corporation authorised to do so by that person.
(4) This section
applies to a statutory corporation in addition to, and without limiting the
effect of, any provision of the Act by or under which the corporation is
constituted.
