CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 6 - Proxies and body corporate representatives  

SECTION 250D   BODY CORPORATE REPRESENTATIVE  

250D(1)   [ Appointment of representative]  

A body corporate may appoint an individual as a representative to exercise all or any of the powers the body corporate may exercise:


(a) at meetings of a company's members; or


(b) at meetings of creditors or debenture holders; or


(c) relating to resolutions to be passed without meetings; or


(d) in the capacity of a member's proxy appointed under subsection 249X(1) .

The appointment may be a standing one.

250D(2)   [ Restrictions on representative's powers]  

The appointment may set out restrictions on the representative's powers. If the appointment is to be by reference to a position held, the appointment must identify the position.

250D(3)   [ More than one representative]  

A body corporate may appoint more than 1 representative but only 1 representative may exercise the body's powers at any one time.

250D(4)   [ Representative's powers]  

Unless otherwise specified in the appointment, the representative may exercise, on the body corporate's behalf, all of the powers that the body could exercise at a meeting or in voting on a resolution.

Note: For resolutions of members without meetings, see sections 249A and 249B .


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