Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The common seal of a corporation shall be kept:
(a) where the corporation is constituted by one proprietor – by that person; or
(b) where the corporation is constituted by 2 or more proprietors – by such proprietor or committee-man as the corporation determines or, in the absence of such determination, by the secretary of the committee.
(2) The common seal of a corporation shall only be affixed to an instrument or document in the presence of:
(a) where the corporation is constituted by one or 2 proprietors – that proprietor or those proprietors, as the case may be; or
(b) where the corporation is constituted by more than 2 proprietors – such 2 persons, being proprietors or committee-men, as the corporation determines or, in the absence of such determination, the secretary and one other committee-man,
who shall attest the fact and date of the affixing of the seal by his signature or their signatures.
(3) Notwithstanding subsections (1) and (2), a committee-man shall, for the purpose of performing a duty or function or exercising a power delegated to him under the management module that applies to the corporation, be entitled to have the custody of the common seal of the corporation and to affix it to an instrument or document and, where he so affixes it, shall attest the fact and date of the affixing of the seal by his signature.
(4) Where a committee-man referred to in subsection (3) has affixed the common seal of the corporation to an instrument or document, he shall be deemed to have done so under the authority of the delegation.
(5) Subsection (4) shall not operate so as to enable a person fraudulently to obtain a benefit from its operation, but a benefit that accrues to a person from the operation of that subsection shall be deemed not to be fraudulently obtained if the benefit was first obtained by that person without fraud by him.