LAWS2014 Lecture 1: LAWS2014-Notes
Document Summary
A short history of anglo-australian corporations law 5. 2. 2 separate corporate personality and limited liability: salomon"s case 12. Employees are protected in insolvency: s 596ab 21. The list of replaceable rules: s 141 25. Removal of directors: ss 203c, 203d, 203e 28. Replaceable rules for proprietary companies: s 203c 28. Mandatory rules for public companies: s 203d 28. Articles inconsistent with mandatory rule: link v shanahan 29. 3. 4 mandatory rules for altering corporate constitutions by special resolution 31. The corporate constitution as a living tree 32. The stunted bonsai: how free alteration of the constitution can be limited 32. Division of powers: general meetings v the board of directors 45. Board of directors have all residual power: s 198a 45. Powers exercised by shareholders at general meeting 46. Powers exercised by the board of directors 47. Functioning of the board of directors 59. 5 binding the corporation: capacity, authority and breach of duty 61.
