26. Corporations and companies.

A statutory corporation, including a company regulated by the Companies Act 2006, 1has such powers of leasing as are conferred by its constitution or implied from the nature of its objects2. The requirements of the statute must be strictly complied with3. A corporation not created by statute has the same powers as an individual unless those powers are restricted by its constitution4. Formerly, a corporation generally could not dispose of its property except by deed sealed by the common seal of the corporation5, except in trivial matters of daily occurrence or matters of unimportance6. Now, however, subject to the