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 5.4 - WINDING UP IN INSOLVENCY
History
Heading substituted by No 210 of 1992, s 57 (effective 23 June 1993).
CCH Note:
See s 1382-1383.
Division 1 - When company to be wound up in insolvency
History
Heading substituted by No 210 of 1992, s 57 (effective 23 June 1993).
CCH Note:
See s 1382-1383.
SECTION 459D
CONTINGENT OR PROSPECTIVE LIABILITY RELEVANT TO WHETHER COMPANY SOLVENT
459D(1)
[Contingent or prospective liability]
In determining, for the purposes of an application of a kind referred to in subsection
459C(1), whether or not the company is solvent, the Court may take into account a contingent or prospective liability of the company.
History
S 459D(1) inserted by No 210 of 1992, s 57 (effective 23 June 1993).
CCH Note:
see s 1382-1383.
459D(2)
[Other matters may be taken into account]
Subsection
(1) does not limit the matters that may be taken into account in determining, for a particular purpose, whether or not a company is solvent.
History
S 459D(2) inserted by No 210 of 1992, s 57 (effective 23 June 1993).
CCH Note:
see s 1382-1383.
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