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 17 - Miscellaneous
History
Heading inserted by No 210 of 1992, s 56 (effective 23 June
1993).
SECTION 451A
APPOINTMENT OF 2 OR MORE ADMINISTRATORS OF COMPANY
451A(1)
[2 or more persons may be appointed]
Where a provision of this Law provides for an administrator of a company to be appointed, 2 or more persons may be appointed as administrators of the company.
History
S 451A(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).
451A(2)
[How 2 or more administrators to exercise powers, etc]
Where, because of subsection
(1), there are 2 or more administrators of a company:
(a)
a function or power of an administrator of the company may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the instrument or resolution appointing them otherwise provides; and
(b)
a reference in this Law to an administrator, or to the administrator, of a company is, in the case of the first-mentioned company, a reference to whichever one or more of those administrators the case requires.
History
S 451A(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).
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