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 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY
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Hide history noteDivision 4 - Director liable to compensate company
Subdivision A - Proceedings against director
SECTION 588N AVOIDING DOUBLE RECOVERY 588N An amount recovered in proceedings under section 588M in relation to the incurring of a debt by a company is to be taken into account in working out the amount (if any) recoverable in: (a) any other proceedings under that section in relation to the incurring of the debt; and (b) proceedings under section 596AC in relation to a contravention of section 596AB that is linked to the incurring of the debt.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.