THE CORPORATIONS LAW

CHAPTER 2E - RELATED PARTY TRANSACTIONS

PART 2E.1 - MEMBER APPROVAL NEEDED FOR RELATED PARTY BENEFIT

Division 3 - Procedure for obtaining member approval

SECTION 227   DECLARATION BY COURT OF SUBSTANTIAL COMPLIANCE  

227(1)  [Declaration of Court]  

The Court may declare that the conditions prescribed by this Division have been satisfied if it finds that they have been substantially satisfied.

227(2)  [Need for application]  

A declaration may be made only on the application of an interested person.




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