Co-operatives National Law (Queensland)
sch.2-sec.3Control of corporation having power in relation to a share
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sch.2-sec.3 Control of corporation having power in relation to a share
If a corporation has, or is by this Part taken to have— power to vote in relation to a right to vote; or power to dispose of a share; a person is taken for the purposes of this Part to have in relation to the right to vote or share the same power as the corporation has, or is taken to have, if— the corporation is, or its directors are, accustomed or under an obligation, whether formal or informal, to act under the directions, instructions or wishes of the person in relation to the exercise of the power referred to in paragraph (a) or (b) ; or the person has a controlling interest in the corporation.
- (a) power to vote in relation to a right to vote; or
- (b) power to dispose of a share;
- (c) the corporation is, or its directors are, accustomed or under an obligation, whether formal or informal, to act under the directions, instructions or wishes of the person in relation to the exercise of the power referred to in paragraph (a) or (b) ; or
- (d) the person has a controlling interest in the corporation.