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 8 - Powers of administrator

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

SECTION 442B   DEALING WITH PROPERTY SUBJECT TO A FLOATING CHARGE THAT HAS CRYSTALLISED  

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442B(1)  [Crystallisation]  

This section applies where a charge on property of a company under administration was a floating charge when created but has since become a fixed or specific charge.

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S 442B(1) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

442B(2)  [Charge treated as floating charge]  

Subject to sections 442C and 442D, the administrator may deal with any of that property as if the charge were still a floating charge.

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History

S 442B(2) inserted by No 210 of 1992, s 56 (effective 23 June 1993).

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