19A
In forceChange in directors of bodies corporate
19A Change in directors of bodies corporate
If a licence is granted to a body corporate and at any time—
S. 19A(a) substituted by No. 52/1998 s. 151, amended by No. 44/2001 s. 3(Sch. item 84.2).
(a)
in the case of a proprietary company there are less than the minimum number of directors required under the Corporations Act in relation to proprietary companies of that class; or
(b)
in the case of a public company there are less than three directors—
the body corporate must, within 14 days, cease trading as a motor car trader.
- 50 penalty units.
S. 20 amended by No. 6/1989 s. 13(2)(a).
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