Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1222D

Corporate director and members of a CCIV

  (1)   A public company becomes the director of a CCIV on registration if the public company is specified in the application with its consent as the proposed corporate director of the CCIV.

  (2)   A person becomes a member of a CCIV on registration if the person is specified in the application with their consent as a proposed member of the CCIV.

Note:   The shares taken to be issued to the member are those specified in the application: see subsection   120(2).

  (3)   Subsection   120(1) does not apply in relation to a CCIV.


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