Section 203AB — Corporations Act 2001 (Cth)

(1) The resignation of a director of a company does not take effect if, at the end of the day that the resignation is to take effect, the company does not have at least one director.

Note: For the application of this section, see Part 10.37.

(2) However, subsection (1) does not prevent the resignation of a director of a company taking effect if the resignation is to take effect on or after the day that the winding up of the company is taken, because of Division 1A of Part 5.6, to have begun.

Related sections

• s 202C — Special rule for single director/single shareholder proprietary companies
• s 203A — Director may resign by giving written notice to company (replaceable rule—see section 135)
• s 203AA — Resignation of directors—when resignation takes effect
• s 203B — Signpost to consequences of disqualification from managing corporations
• s 203C — Removal by members—proprietary companies (replaceable rule—see section 135)
• s 203CA — Resolution to remove directors—resolution is void if proprietary company has no other directors

Research how courts apply s 203AB

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