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 436B   LIQUIDATOR MAY APPOINT ADMINISTRATOR  

436B(1)  [Appointment in writing]  

A liquidator or provisional liquidator of a company may by writing appoint an administrator of the company if he or she thinks that the company is insolvent, or is likely to become insolvent at some future time.

436B(2)  [Leave of Court]  

With the leave of the Court, a liquidator or provisional liquidator of a company may appoint himself or herself under subsection (1).

436B(3)  [Effect of Div 14]  

Subsection (2) has effect subject to Division 14.


 

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