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Home/Legislation/Snowy Mountains Engineering Corporation Act 1970/22

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Snowy Mountains Engineering Corporation Act 1970

22Membership of SMEC

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#### 22 Membership of SMEC (1) Each person who holds shares in SMEC at the commencement of this Part becomes, by force of this subsection, a member of SMEC at that commencement. (2) A person referred to in subsection (1) is, in relation to membership of SMEC, entitled to the same rights, privileges and benefits, and is subject to the same duties, liabilities and obligations, as if the person had become a member of SMEC under SMEC’s memorandum and articles.

Previous section21Memorandum and articles of SMEC Next section23Application of certain provisions of Companies Act

Section 22 - Snowy Mountains Engineering Corporation Act 1970 - Membership of SMEC — Zoe