Corporations Act 2001
CHAPTER 5
-
EXTERNAL ADMINISTRATION
PART 5.2
-
RECEIVERS, AND OTHER CONTROLLERS, OF PROPERTY OF CORPORATIONS
SECTION 434D
434D
APPOINTMENT OF 2 OR MORE RECEIVERS OF PROPERTY OF A CORPORATION
If 2 or more persons have been appointed as receivers of property of a corporation:
(a) a function or power of a receiver of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
(b) a reference in this Act to a receiver, or to the receiver, of property of a corporation is, in the case of the first-mentioned corporation, a reference to whichever one or more of those receivers the case requires.
[ CCH Note: Pt 5.2 will be amended by No 8 of 2022, s 3, Sch 2[143], by inserting the note, (effective 1 July 2022). The note will read:
Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .]
If 2 or more persons have been appointed as receivers of property of a corporation:
(a) a function or power of a receiver of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
(b) a reference in this Act to a receiver, or to the receiver, of property of a corporation is, in the case of the first-mentioned corporation, a reference to whichever one or more of those receivers the case requires.
View history note
Hide history noteThis information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.