Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.5
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VOLUNTARY WINDING UP
Division 3
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Creditors
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voluntary winding up
Subdivision B
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Simplified liquidation process for creditors
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voluntary winding up of an insolvent company
SECTION 500AB
500AB
CREDITORS MAY REQUEST LIQUIDATOR NOT TO FOLLOW THE SIMPLIFIED LIQUIDATION PROCESS
A creditor of a company may, within 20 business days after the day on which a triggering event in relation to the company occurs, give the liquidator of the company notice in writing requesting the liquidator not to follow the simplified liquidation process in relation to the company.
Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .
View history note
Hide history noteA creditor of a company may, within 20 business days after the day on which a triggering event in relation to the company occurs, give the liquidator of the company notice in writing requesting the liquidator not to follow the simplified liquidation process in relation to the company.
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