Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 637

Bidder's statement formalities

Approval

(1) The copy of the bidder's statement that is lodged with ASIC must be approved by:

(a)
for a bidder that is a body corporate:

(i)
if the consideration offered under the bid is a cash sum only—a resolution passed by the directors of the bidder; or
(ii)
otherwise—a unanimous resolution passed by all the directors of the bidder; or
(b)
for a bidder who is an individual—the bidder.

(2) The bidder's statement must be dated. The date is the date on which it is lodged with ASIC.



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