Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.3A
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ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 11
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Variation, termination and avoidance of deed
SECTION 445CA
445CA
WHEN CREDITORS MAY TERMINATE DEED
The creditors are not entitled to pass a resolution under paragraph 445C(b) unless:
(a) there has been a breach of the deed; and
(b) the breach has not been rectified before the resolution is passed.
The creditors are not entitled to pass a resolution under paragraph 445C(b) unless:
(a) there has been a breach of the deed; and
(b) the breach has not been rectified before the resolution is passed.
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