WHO dictates how the company is managed?

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Last updated 6:45 AM on 6/19/26
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6 Terms

1
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Shareholder can’t be forced to do anything! can vote as they want, can ask for money UNLESS constitution or agreement says so (drag along stuff)

DOLD v murphy

2
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Sharholders stay in their own lane - they select directors who make decisions. BUT can get special reso to change directors

CUNNINGHAM

3
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WHEN shareholders hint that you’re cooked you can’t make silly decisions

utilicorp

4
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BUT

AUS REJECTED in chimaera

5
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Unanimous informal assent sections can be done throguh

  • statutory only (s 107)

  • OR RATIFICATION (S 177)

6
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EXCEPTIONS FOR UNANIMOUS INFORMAL ASENT

  • INsolvency test (s108)

  • agreement must be in writing s 107.