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S.fifty one (2) additionally provides that a member of the company may bring proceedings to restrain the undertaking of an act which however for subsection (1) could be past the corporate’s capacity besides if the act is undertaken in the fulfilment of a legal obligation arising from a earlier act of a company. Subsection (1) supplies that the power of the board of administrators to bind the company or authorise others to do so in favour of an individual coping with the corporate in good religion shall not be limited by the company’s memorandum.
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