Corporations Act 2001
CHAPTER 5
-
EXTERNAL ADMINISTRATION
PART 5.3A
-
ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 17
-
Miscellaneous
SECTION 451C
451C
EFFECT OF THINGS DONE DURING ADMINISTRATION OF COMPANY
A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:
(a) is valid and effectual for the purposes of this Act; and
(b) is not liable to be set aside in a winding up of the company.
A payment made, transaction entered into, or any other act or thing done, in good faith, by, or with the consent of, the administrator of a company under administration:
(a) is valid and effectual for the purposes of this Act; and
(b) is not liable to be set aside in a winding up of the company.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.