Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Note: This Part does not apply to a CCIV: see section 1224E .

Division 1 - Appointment of directors  

Subdivision A - General rules  

SECTION 201K   ALTERNATE DIRECTORS (REPLACEABLE RULE - SEE SECTION 135)  

201K(1)    
With the other directors ' approval, a director may appoint an alternate to exercise some or all of the director ' s powers for a specified period.

201K(2)    
If the appointing director requests the company to give the alternate notice of directors ' meetings, the company must do so.

201K(3)    
When an alternate exercises the director ' s powers, the exercise of the powers is just as effective as if the powers were exercised by the director.

201K(4)    
The appointing director may terminate the alternate ' s appointment at any time.

201K(5)    
An appointment or its termination must be in writing. A copy must be given to the company.

Note: ASIC must be given notice of the appointment and termination of appointment of an alternate (see subsections 205B(2) and (5) ).



View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.