THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

Division 2 - Appointment of administrator and first meeting of creditors

SECTION 436C   CHARGEE MAY APPOINT ADMINISTRATOR  

436C(1)  [Where charge enforceable]  

A person who is entitled to enforce a charge on the whole, or substantially the whole, of a company's property may by writing appoint an administrator of the company if the charge has become, and is still, enforceable.

436C(2)  [Company already being wound up]  

Subsection (1) does not apply to a company that is already being wound up.