Statute
Section 198B — Corporations Act 2001: Negotiable instruments (replaceable rule—see section 135)
Text of the provision Official document
(1) Any 2 directors of a company that has 2 or more directors, or the director of a proprietary company that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument. (2) The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.
Official source: Federal Register of Legislation
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