THE CORPORATIONS LAW

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 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

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History

Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

Division 15 - Removal, replacement and remuneration of administrator

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Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).

SECTION 449D   VACANCY IN OFFICE OF ADMINISTRATOR OF DEED OF COMPANY ARRANGEMENT  

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449D(1)  [Administrator dies, etc]  

Where the administrator of a deed of company arrangement:

(a)  dies; or

(b)  becomes prohibited from acting as administrator of the deed; or

(c)  resigns by notice in writing given to the company;

the Court may appoint someone else as administrator of the deed.

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History

S 449D(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

449D(2)  [Court may appoint administrator]  

Where a deed of company arrangement has not yet terminated, but for some reason no administrator of the deed is acting, the Court may appoint a person as administrator of the deed.

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S 449D(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

449D(3)  [Who may apply for appointment]  

An appointment may be made on the application of the Commission or of an officer, member or creditor of the company.

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History

S 449D(3) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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