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DUTIES ACT 2001 - SECT 211 What is a relevant corporation for a corporate trustee

DUTIES ACT 2001 - SECT 211

What is a relevant corporation for a corporate trustee

211 What is a relevant corporation for a corporate trustee

(1) A corporation is a
"relevant corporation" for a corporate trustee if the corporation is an unlisted corporation that has an interest in the corporate trustee.
(2) For subsection (1) , a corporation has an interest in a corporate trustee if—
(a) it has a share interest in the corporate trustee; or
(b) it has a share interest in a corporation that has a share interest in the corporate trustee.