Power of directors

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 1, 2015 at 4:34 am #286601
cueisheng
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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?
December 12, 2015 at 7:01 pm #291409
MikeLittle
Keymaster
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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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