Corporations Act 2001

CHAPTER 2L - DEBENTURES  

PART 2L.5 - MEETINGS OF DEBENTURE HOLDERS  

SECTION 283EC   COURT MAY ORDER MEETING  

283EC(1)   [ Order]  

Without limiting section 283HA or 283HB, the Court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee. The order may direct the trustee to:

(a) place before the debenture holders any information concerning their interests; and

(b) place before the debenture holders any proposals to protect their interests that the Court directs or the trustee considers appropriate; and

(c) obtain the debenture holders' directions concerning the protection of their interests.

283EC(2)   [ Conduct of meeting]  

The meeting is to be held and conducted in the manner the Court directs. The trustee may appoint a person to chair the meeting. If the trustee does not exercise this power, the debenture holders present at the meeting may appoint a person to chair the meeting.