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LATEST VIEW LEGAL BLOG

  • How many (times) ** and directors does it take to bind a company?
    How many (times) ** and directors does it take to bind a company?
    As is generally well understood, section 127 of the Corporations Act confirms a company with 2 or more directors may execute a document by either: 2 directors signing; or a director and a company secretary signing. Where a company has a sole director and secretary, that director can sign. Perhaps less well known is section 126 of the Corporations Act that allows for a company to be bound by an individual acting with the company’s express or implied authority. In situations where section 126 is being relied on a company’s constitution is also often relevant. For example, a constitution may prov …
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