CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 2A - REGISTERING A COMPANY
History
Ch 2A inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
PART 2A.2 - HOW A COMPANY IS REGISTERED
History
Part 2A.2 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
SECTION 120
MEMBERS, DIRECTORS AND COMPANY SECRETARY OF A COMPANY
120(1)
[Consent]
A person becomes a member, director or company secretary of a company on registration if the person is specified in the application with their consent as a proposed member, director or company secretary of the company.
History
S 120(1) substituted by No 61 of 1998, Sch 1 (effective 1 July 1998).
120(2)
[Issue of shares]
The shares to be taken up by the members as specified in the application are taken to be issued to the members on registration of the company.
Note:
A member's name must be entered in the register of members (see section 169).
History
S 120(2) amended by No 61 of 1998, Sch 5 (effective 1 July 1998).
S 120(2) substituted by No 61 of 1998, Sch 1 (effective 1 July 1998).
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