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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.