Banking Act 1959
Part II
-
Provisions relating to the carrying on of banking business
Division 2
-
Protection of depositors
Subdivision B
-
Provisions dealing with control of a body corporate
'
s business by a Banking Act statutory manager
SECTION 15BE
Moratorium
-
effect of Banking Act statutory management on annual general meeting
(1)
This section applies to a body corporate that is required under section 250N or section 601BR of the Corporations Act 2001 to hold an annual general meeting within a particular period.
(2)
Despite section 250N and section 601BR of that Act, if a Banking Act statutory manager is in control of the body corporate ' s business at the end of that period, the body corporate need not hold that annual general meeting.
View history note
Hide history noteThis section applies to a body corporate that is required under section 250N or section 601BR of the Corporations Act 2001 to hold an annual general meeting within a particular period.
(2)
Despite section 250N and section 601BR of that Act, if a Banking Act statutory manager is in control of the body corporate ' s business at the end of that period, the body corporate need not hold that annual general meeting.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.