Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 198B

Negotiable instruments (replaceable rule--see section 135)

             (1)  Any 2 directors of a company that has 2 or more directors, or the director of a proprietary company that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument.

             (2)  The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.



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