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 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT

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History

Heading to Pt 5.4B inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: 1382-1383.

Division 1A - Effect of winding up order

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History

Heading inserted by No 210 of 1992, s 66 (effective 23 June 1993).

CCH Note: See s 1382-1383.

SECTION 471   EFFECT ON CREDITORS AND CONTRIBUTORIES  

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471(1)  (Effect on creditors and contributories)  

An order for winding up a company operates in favour of all the creditors and contributories of the company as if it had been made on the joint application of all the creditors and contributories.

471(2)  (Omitted by No 210 of 1992, s 67 (effective 23 June 1993).)

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