124Delegation of powers, &c., by corporations

### 124 Delegation of powers, &c., by corporations > > (1)  [*\[Section 124 Subsection (1) amended by No. 89 of 2001, s. 15, Applied:17 Dec 2001\]*](/view/html/inforce/2001-12-17/act-2001-089#GS15@EN) The corporation may, by special resolution, delegate to one or more officers of the corporation or to a committee consisting of members of the council the exercise or performance of such of its powers or functions under this Act (except this power of delegation) as are specified in the resolution and may, by resolution, revoke wholly or in part any such delegation. > > > (2)  A resolution for the purposes of [subsection (1)](#GS124@Gs1@EN) , other than a resolution revoking a delegation, shall be passed by a majority of at least two-thirds of the members of the council present at the meeting at which it is moved. > > > (3)  A power or function, the exercise or performance of which has been delegated under this section, may, while the delegation remains unrevoked, be exercised or performed from time to time in accordance with the terms of the delegation. > > > (4)  A delegation under this section may be made subject to such conditions or limitations as to the exercise or performance of any of the powers or functions delegated, or as to time or circumstance, as are specified in the resolution. > > > (5)  Notwithstanding any delegation under this section, the corporation may continue to exercise or perform all or any of the powers or functions delegated. > > > (6)  Any act or thing done by or to a delegate while acting in the exercise of a delegation under this section shall have the same force and effect as if the act or thing had been done by or to the corporation and shall be deemed to have been done by or to the corporation. > > > (7)  An instrument purporting to be signed by a delegate of the corporation in his capacity as such a delegate shall in all courts and before all persons acting judicially be received in evidence as if it were an instrument executed by the corporation under seal and, until the contrary is proved, shall be deemed to be an instrument signed by a delegate of the corporation under this section.