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 9 - MISCELLANEOUS
PART 9.6 - PROCEEDINGS
SECTION 1335
COSTS
1335(1)
[Security given by corporation]
Where a corporation is plaintiff in any action or other legal proceeding, the court having jurisdiction in the matter may, if it appears by credible testimony that there is reason to believe that the corporation will be unable to pay the costs of the defendant if successful in his, her or its defence, require sufficient security to be given for those costs and stay all proceedings until the security is given.
History
S 1335(1) amended by No 110 of 1991, Sch 2 (effective 27 June 1991).
1335(2)
[Discretion as to costs]
The costs of any proceeding before a court under this Law shall be borne by such party to the proceeding as the court, in its discretion, directs.
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