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LWPower of directors

LLim10y ago
What are the consequences if the directors act outside their power(for example outside their borrowing limit) to the directors,company and also third party?
MikeLittleMikeLittleTutor10y ago#1
Company is bound by the dircetors' actions but MAY seek redress from the director personally (but only if approved by majority vote of the members)
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