230
In forceGeneral duties still apply
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2ERelated party transactions
Part 2E.3Interaction with other rules
230 General duties still apply
A director is not relieved from any of their duties under this Act (including sections 180 and 184), or their fiduciary duties, in connection with a transaction merely because the transaction is authorised by a provision of this Chapter or is approved by a resolution of members under a provision of this Chapter.
This Act’s bill:Explanatory memorandumSecond reading speech
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