Director appointment defects do not automatically invalidate corporate acts; acts after company notice lack validity. Acts done by a person as a director are preserved as valid notwithstanding later discovery of defects or termination in the appointment, but this ... Summary
Director appointment defects do not automatically invalidate corporate acts; acts after company notice lack validity.
Acts done by a person as a director are preserved as valid notwithstanding later discovery of defects or termination in the appointment, but this protection does not extend to acts performed after the company has given notice that the appointment was invalid or had terminated.
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