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COMPANIES (NORTHERN IRELAND) ORDER 1978 - SECT 129

129. In favour of a person dealing with a company in good faith, any
transaction decided on by the directors shall be deemed to be one which it is
within the capacity of the company to enter into, and the power of the
directors to bind the company shall be deemed to be free of any limitation
under the memorandum or articles of association; and a party to a transaction
so decided on shall not be bound to enquire as to the capacity of the company
to enter into it or as to any such limitation on the powers of the directors,
and shall be presumed to have acted in good faith unless the contrary is
proved.

© 1978 Crown Copyright

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