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141: Avoidance of transactions
or “Cancelling transactions involving company directors”
You could also call this:

“How cancellation of a company's transaction affects innocent buyers”

If a transaction is cancelled under section 141, it won’t affect you if you bought property from someone other than the company. This is true as long as you paid a fair price for it and didn’t know about the cancelled transaction when you bought it. In other words, if you bought something in good faith and for a reasonable amount, you get to keep it even if the original sale was cancelled.

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Next up: 143: Application of sections 140 and 141 in certain cases

or “When sections 140 and 141 don't apply to directors' payments or protections”
Next

Part 8 Directors and their powers and duties
Transactions involving self-interest

142Effect on third parties

  1. The avoidance of a transaction under section 141 does not affect the title or interest of a person in or to property which that person has acquired if the property was acquired—

  2. from a person other than the company; and
    1. for valuable consideration; and
      1. without knowledge of the circumstances of the transaction under which the person referred to in paragraph (a) acquired the property from the company.