Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.2
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RECEIVERS, AND OTHER CONTROLLERS, OF PROPERTY OF CORPORATIONS
SECTION 434A
434A
COURT MAY REMOVE CONTROLLER FOR MISCONDUCT
Where, on the application of a corporation, the Court is satisfied that a controller of property of the corporation has been guilty of misconduct in connection with performing or exercising any of the controller's functions and powers, the Court may order that, on and after a specified day, the controller cease to act as receiver or give up possession or control, as the case requires, of property of the corporation.
Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .
View history note
Hide history noteWhere, on the application of a corporation, the Court is satisfied that a controller of property of the corporation has been guilty of misconduct in connection with performing or exercising any of the controller's functions and powers, the Court may order that, on and after a specified day, the controller cease to act as receiver or give up possession or control, as the case requires, of property of the corporation.
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