CORPORATIONS ACT 2001 - SECT 198B Negotiable instruments ( replaceable rule--see section 135 )
CORPORATIONS ACT 2001 - SECT 198B
Negotiable instruments ( replaceable rule--see section 135 )(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.