THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2L - DEBENTURES

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History

Chapter 2L was inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 2L.2 - DUTIES OF BORROWER

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History

Part 2L.2 was inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

SECTION 260GD   DUTY TO REPLACE TRUSTEE  

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260GD     The borrower must take all reasonable steps to replace the trustee under section 260FE as soon as practicable after the borrower becomes aware that the trustee:

(a)  has ceased to exist; or

(b)  has not been validly appointed; or

(c)  cannot be a trustee under section 260FC; or

(d)  has failed or refused to act as trustee.

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History

S 260GD inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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