Execution of documents in counterpart

2Nomination of person to take delivery of counterparts

(1)Parties to a document executed in counterpart may nominate a person to take delivery of one or more of the counterparts.

(2)Subsection (1) does not prevent one of the parties, or an agent of one or more of the parties, being so nominated.

(3)A person so nominated must, after taking delivery of a counterpart by virtue of subsection (1), hold and preserve it for the benefit of the parties.

(4)Subsection (3) does not apply in so far as the parties may agree, or be taken to have agreed, otherwise (whether before or after the document has effect).

(5)A document’s having effect is not dependent on compliance with subsection (3) or (4).