STATE OWNED CORPORATIONS ACT 1989 - SECT 20ZA
Objects of Division
STATE OWNED CORPORATIONS ACT 1989 - SECT 20ZA
Objects of Division
20ZA Objects of Division
(1) The objects of this Division include--
(a) providing that the doctrine of
ultra vires does not apply to statutory SOCs, and
(b) ensuring that
statutory SOCs give effect to any restrictions on their objects or powers, but
without affecting the validity of their dealings with outsiders.
(2) This
Division is to be construed and have effect accordingly.