21
CurrentModification of statement
Part 3Accountability
21 Modification of statement
(1)
The directors may, with the agreement of the voting shareholders, modify a statement of corporate intent.
(2)
A modification must not be made unless written details of the proposed modification are given to the voting shareholders and they agree to the proposed modification.
(3)
Section 19 (2) and (5) apply in relation to a proposed modification as if it were a draft statement.
(4)
Section 19 (3), (4) and (5) apply in relation to a modification as if it were a statement.
(5)
A modification presented to the Legislative Assembly is incorporated with the statement that it modifies.
This Act’s bill:Explanatory statement
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