sec.223Powers of particular corporations

### sec.223 Powers of particular corporations This section applies to a corporation other than— a corporation under the Corporations Act ; or a corporation incorporated under another Act if the Act expressly provides for the way in which the corporation may do each of the things mentioned in subsection (2) (a) to (c) . The corporation has all the powers of an individual and may, for example— enter into contracts; and acquire, hold, dispose of, and deal with, property; and appoint agents and attorneys. If a contract made by an individual is valid only if in writing signed by the individual, the contract may be made by the corporation in writing signed by a person acting under the express or implied authority of the corporation. If a contract made by an individual is valid even if made by parol, the contract may be made by parol by the corporation by a person acting under the express or implied authority of the corporation. In this section— contract includes transaction. (sec.223-ssec.1) This section applies to a corporation other than— a corporation under the Corporations Act ; or a corporation incorporated under another Act if the Act expressly provides for the way in which the corporation may do each of the things mentioned in subsection (2) (a) to (c) . (sec.223-ssec.2) The corporation has all the powers of an individual and may, for example— enter into contracts; and acquire, hold, dispose of, and deal with, property; and appoint agents and attorneys. (sec.223-ssec.3) If a contract made by an individual is valid only if in writing signed by the individual, the contract may be made by the corporation in writing signed by a person acting under the express or implied authority of the corporation. (sec.223-ssec.4) If a contract made by an individual is valid even if made by parol, the contract may be made by parol by the corporation by a person acting under the express or implied authority of the corporation. (sec.223-ssec.5) In this section— contract includes transaction. - (a) a corporation under the Corporations Act ; or - (b) a corporation incorporated under another Act if the Act expressly provides for the way in which the corporation may do each of the things mentioned in subsection (2) (a) to (c) . - (a) enter into contracts; and - (b) acquire, hold, dispose of, and deal with, property; and - (c) appoint agents and attorneys.