"Corporations Act 2001 s 236 statutory derivative action standing"
Corporations Act 2001 (Cth) s 236 lets eligible members, former members, entitled registrants, officers, and former officers bring or intervene in proceedings on behalf of a company with Court leave under s 237.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
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Corporations Act 2001 (Cth) s 236 allows specified persons to bring proceedings on behalf of a company or intervene in proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company. Eligible applicants include a member, former member, person entitled to be registered as a member, officer, or former officer of the company. The applicant must be acting with leave granted under s 237. Official source checked: Federal Register of Legislation, Corporations Act 2001 current text, s 236. Dogfood note: Source search for s 236 did not surface a native Corporations Act s 236 row; it returned adjacent proposed Corporations topics and unrelated CCA rows.
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