Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.3B
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CRISIS RESOLUTION FOR CS FACILITY LICENSEES
Division 3
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Statutory management
Subdivision B
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Powers of statutory manager
SECTION 833B
833B
POWERS TO REMOVE DIRECTOR ETC.
Without limiting section 833A , the statutory manager of a body corporate has power to do any of the following: (a) remove from office a director of the body corporate; (b) appoint a person as such a director, whether to fill a vacancy or not; (c) execute a document, bring or defend proceedings, or do anything else, in the body corporate ' s name and on its behalf; (d) whatever else is necessary for the purposes of this Part.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteWithout limiting section 833A , the statutory manager of a body corporate has power to do any of the following: (a) remove from office a director of the body corporate; (b) appoint a person as such a director, whether to fill a vacancy or not; (c) execute a document, bring or defend proceedings, or do anything else, in the body corporate ' s name and on its behalf; (d) whatever else is necessary for the purposes of this Part.