Examples of Private Corporate in a sentence
A & I forms must be completed in the usual way by the transferors and transferees.6.36 The appropriate A & I form to use depends on whether the client is an individual, a Private Corporate or a Public Corporate.
In the absence of any background information to the contrary and assuming the lawyer has, in the case of a Private Corporate, taken reasonable steps to identify the persons signing the A & I form, the lawyer can reasonably rely on the authorised signatory’s statement.
If any doubt exists as to whether an institution is a Private Corporate or a Public Corporate, the Private Corporate A & I form should be used.All details should be completed before the form is signed by the clients.
Appendix 2 – Private Corporate A & I Form Dealing Number: Client Reference: Authority and Instructionfrom Private Corporate client for an electronic transaction(This form is approved by the New Zealand Law Society and the Registrar-General of Land.
The Private Corporate and Public Corporate A & I forms contain a statement that the client has passed the necessary resolutions as required by its empowering constitution, rules or statute to authorise the transaction.
CommentaryThe following A & I forms are attached in the Appendix to these Guidelines:▪ Individual A & I form▪ Private Corporate A & I form▪ Public Corporate A & I formAn explanation of the institutions which comprise Private Corporates and Public Corporates is set out in the glossary in Part 7 of these Guidelines.The A & I forms in the Appendix to these Guidelines are intended to be identical with the A & I forms within Landonline.