50. Delegation by directors of companies.

50.     Delegation by directors of companies.

The powers and duties of directors cannot be delegated except in accordance with the articles of association of the company1. Where, however, there has been a purported or apparent delegation in favour of a sub-agent and such delegation if duly made would have been within the scope of a power in the articles, any internal management irregularity will be disregarded in relation to those who deal bona fide with the sub-agent and without knowledge of such irregularity2.