s 211
In forceWhat is a relevant corporation for a corporate trustee
Chapter 3Landholder duty and corporate trustee duty
Part 2Corporate trustee duty
Division 2Some basic concepts for corporate trustee duty
211 What is a relevant corporation for a corporate trustee
(1)
A corporation is a relevant corporation for a corporate trustee if the corporation is an unlisted corporation that has an interest in the corporate trustee.
(2)
For subsection (1), a corporation has an interest in a corporate trustee if—
(a)
it has a share interest in the corporate trustee; or
(b)
it has a share interest in a corporation that has a share interest in the corporate trustee.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.