sec.222Effect of transaction if temporary vacancy in particular bodies corporate

### sec.222 Effect of transaction if temporary vacancy in particular bodies corporate This section applies if— either— the office of a corporation sole is vacant; or the office of the head of a corporation aggregate is vacant; and before a successor to the office is appointed, the corporation sole or corporation aggregate purports to enter into a contract or other transaction, acquire an interest in property, or is appointed as a trustee. The contract or other transaction, or acquisition of property, or appointment as trustee, takes effect as if the successor had already been appointed. However, the successor may disclaim the contract or other transaction or acquisition of property, or renounce the appointment as trustee. (sec.222-ssec.1) This section applies if— either— the office of a corporation sole is vacant; or the office of the head of a corporation aggregate is vacant; and before a successor to the office is appointed, the corporation sole or corporation aggregate purports to enter into a contract or other transaction, acquire an interest in property, or is appointed as a trustee. (sec.222-ssec.2) The contract or other transaction, or acquisition of property, or appointment as trustee, takes effect as if the successor had already been appointed. (sec.222-ssec.3) However, the successor may disclaim the contract or other transaction or acquisition of property, or renounce the appointment as trustee. - (a) either— (i) the office of a corporation sole is vacant; or (ii) the office of the head of a corporation aggregate is vacant; and - (i) the office of a corporation sole is vacant; or - (ii) the office of the head of a corporation aggregate is vacant; and - (b) before a successor to the office is appointed, the corporation sole or corporation aggregate purports to enter into a contract or other transaction, acquire an interest in property, or is appointed as a trustee. - (i) the office of a corporation sole is vacant; or - (ii) the office of the head of a corporation aggregate is vacant; and