198BNegotiable instruments (replaceable rule—see section 135)

#### 198B Negotiable instruments (replaceable rule—see section 135) (1) Any 2 directors of a company that has 2 or more directors, or the director of a proprietary company that has only 1 director, may sign, draw, accept, endorse or otherwise execute a negotiable instrument. (2) The directors may determine that a negotiable instrument may be signed, drawn, accepted, endorsed or otherwise executed in a different way.