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 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT

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History

Heading to Pt 5.4B inserted by No 210 of 1992, s 62 (effective 23 June 1993).

CCH Note: 1382-1383.

Division 1A - Effect of winding up order

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History

Heading inserted by No 210 of 1992, s 66 (effective 23 June 1993).

CCH Note: See s 1382-1383.

SECTION 471B   STAY OF PROCEEDINGS AND SUSPENSION OF ENFORCEMENT PROCESS  

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471B    While a company is being wound up in insolvency or by the Court, or a provisional liquidator of a company is acting, a person cannot begin or proceed with:

(a)  a proceeding in a court against the company or in relation to property of the company; or

(b)  enforcement process in relation to such property;

except with the leave of the Court and in accordance with such terms (if any) as the Court imposes.

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History

S 471B inserted by No 210 of 1992, s 68 (effective 23 June 1993).

CCH Note: See s 1382-1383.

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