Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

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

Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .

Division 11 - Variation, termination and avoidance of deed  

SECTION 445E  

445E   CREDITORS MAY TERMINATE DEED AND RESOLVE THAT COMPANY BE WOUND UP  
Where:

(a) the company ' s creditors pass a resolution at a meeting terminating the deed; and

(b) the notice of the meeting set out a proposed resolution that the company be wound up;

the creditors may also resolve at the meeting that the company be wound up.