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CHAPTER 3
Corporate capacity and authority
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Capacity of private company limited by shares
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38. (1) Subject to subsection (2), notwithstanding anything contained in its constitution a company shall have, whether acting inside or outside of the State—
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(a) full and unlimited capacity to carry on and undertake any business or activity, do any act or enter into any transaction; and
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(b) for the purposes of paragraph (a), full rights, powers and privileges.
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(2) Nothing in subsection (1) shall relieve a company from any duty or obligation under any enactment or the general law.
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