THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.7A - RECIPROCITY WITH OTHER JURISDICTIONS

Division 2 - Winding up recognised companies

SECTION 588C   OUTSTANDING PROPERTY OF DEFUNCT RECOGNISED COMPANY  

588C    Where, after the dissolution or deregistration of a body that was a company or Part 5.7 body within the meaning of Chapter 5 of the Corporations Law of another jurisdiction, there remains in this jurisdiction outstanding property of the body, the estate and interest in the property, at law or in equity, of the body or its liquidator at the time of dissolution or deregistration, together with all claims, rights and remedies that the body or its liquidator then had in respect of the property, vests in the person entitled to the property under the law of the body's place of origin.