Question: The shareholders in Strong Automatic & Shore Pty Ltd are concerned when the board announces that they are going to sell some land of historical

The shareholders in Strong Automatic & Shore Pty Ltd are concerned when the board announces that they

are going to sell some land of historical importance to the company. They hold a meeting of shareholders to

pass a motion telling the board not to sell the land. The board ignore the motion and say that they have the

power to make these decisions and therefore the sale will go ahead.

Discuss the legal situation for both parties with reference to any relevant statutory provisions and cases ( Please use Corporation Act 2001 and ILAC format. Thank you)

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