Initial contact persons
8 Initial contact persons
Despite section 42‑10 of the new Act, the contact person of a transitional corporation on registration is taken to be the person (if any) who was, immediately before commencement, the corporation's public officer.
Sections 257‑15 and 257‑20, and subsection 304‑5(1), of the new Act do not apply in relation to a person who is the corporation's contact person because of subitem (1).
Paragraph 257‑30(a) of the new Act applies to a person who is the corporation's contact person because of subitem (1) as if the person had been appointed with his or her consent as contact person of the transitional corporation.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.