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 434E
434E
APPOINTMENT OF 2 OR MORE RECEIVERS AND MANAGERS OF PROPERTY OF A CORPORATION
If 2 or more persons have been appointed as receivers and managers of property of a corporation:
(a) a function or power of a receiver and manager of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
(b) a reference in this Act to a receiver and manager, or to the receiver and manager, of property of a corporation is, in the case of the first-mentioned corporation, a reference to whichever one or more of those receivers and managers the case requires.
Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .
View history note
Hide history noteIf 2 or more persons have been appointed as receivers and managers of property of a corporation:
(a) a function or power of a receiver and manager of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
(b) a reference in this Act to a receiver and manager, or to the receiver and manager, of property of a corporation is, in the case of the first-mentioned corporation, a reference to whichever one or more of those receivers and managers the case requires.
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