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 5 - EXTERNAL ADMINISTRATION

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

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History

Pt 5.3A inserted by No 210 of 1992, s 56 (effective 23 June 1993).

Division 3 - Administrator assumes control of company's affairs

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Heading inserted by No 210 of 1992, s 56 (effective 23 June 1993).

SECTION 437A   ROLE OF ADMINISTRATOR  

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437A(1)  [Powers of administrator]  

While a company is under administration, the administrator:

(a)  has control of the company's business, property and affairs; and

(b)  may carry on that business and manage that property and those affairs; and

(c)  may terminate or dispose of all or part of that business, and may dispose of any of that property; and

(d)  may perform any function, and exercise any power, that the company or any of its officers could perform or exercise if the company were not under administration.

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S 437A(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

437A(2)  [Interpretation of sec 437A(1)]  

Nothing in subsection (1) limits the generality of anything else in it.

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History

S 437A(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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