THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 10 - Execution and effect of deed of company arrangement
SECTION 444H
EXTENT OF RELEASE OF COMPANY'S DEBTS
444H
A deed of company arrangement releases the company from a debt only in so far as:
(a)
the deed provides for the release; and
(b)
the creditor concerned is bound by the deed.