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
History
Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June
1993).
Division 13 - Powers of Court
History
Heading inserted by No 210 of 1992, s 56 (effective 23 June
1993).
SECTION 447B
ORDERS TO PROTECT CREDITORS DURING ADMINISTRATION
447B(1)
[Commission may apply]
On the application of the Commission, the Court may make such order as it thinks necessary to protect the interests of a company's creditors while the company is under administration.
History
S 447B(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).
447B(2)
[Creditor may apply]
On the application of a creditor of a company, the Court may make such order as it thinks necessary to protect the creditor's interests while the company is under administration.
History
S 447B(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).
447B(3)
[Order subject to conditions]
An order may be made subject to conditions.
History
S 447B(3) inserted by No 210 of 1992, s 56 (effective 23 June 1993).
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