40 Power of directors to bind the company
Companies Act 2006 | Legislation

40  Power of directors to bind the company

(1)     In favour of a person dealing with a company in good faith, the power of the directors to bind the company, or authorise others to do so, is deemed to be free of any limitation under the company's constitution.

(2)     For this purpose—

(a)     a person “deals with” a company if he is a party to any transaction or other act to which the company is a party,

(b)     a person dealing with a company—

(i)     is not bound to enquire as to any limitation on the powers of the directors to

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