/

/

United States legal-change intelligence across legislation, regulation, and case law. Separate data plane, same Zoe spine.

Platform

Legislation
Cases
Ask Zoe

Company

Pricing
API
X
LinkedIn
Instagram

Jurisdictions

Federal
Supreme Court
Alabama

District of Columbia

© 2026 Zoe. All rights reserved.

Zoe is a legal information platform. Always consult the official source for authoritative text.

Section 187 - Corporations Act 2001 - Directors of wholly‑owned subsidiaries — Zoe

Legislation Cases Absurdities Ask Zoe Graph Pricing

Home/Legislation/Corporations Act 2001/187

CTHIn ForceAct

Corporations Act 2001

187Directors of wholly‑owned subsidiaries

Start here

Get a plain-English read of 187

Turn the raw legal text into a practical explanation grounded in Corporations Act 2001.

View in full context

#### 187 Directors of wholly‑owned subsidiaries A director of a corporation that is a wholly‑owned subsidiary of a body corporate is taken to act in good faith in the best interests of the subsidiary if: (a) the constitution of the subsidiary expressly authorises the director to act in the best interests of the holding company; and (b) the director acts in good faith in the best interests of the holding company; and (c) the subsidiary is not insolvent at the time the director acts and does not become insolvent because of the director’s act.

Previous section186Territorial application of sections 180 to 184 Next section188Responsibility of secretaries etc. for certain corporate contraventions