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 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY

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History

Pt 5.7B inserted by No 210 of 1992, s 111 (effective 23 June 1993).

CCH Note: See s 1383(7).

Division 4 - Director liable to compensate company

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History

Heading inserted by No 210 of 1992, s 111 (effective 23 June 1993).

Subdivision A - Proceedings against director

SECTION 588P   EFFECT OF SECTIONS 588J, 588K AND 588M  

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588P    Sections 588J, 588K and 588M:

(a)  have effect in addition to, and not in derogation of, any rule of law about the duty or liability of a person because of the person's office or employment in relation to a company; and

(b)  do not prevent proceedings from being instituted in respect of a breach of such a duty or in respect of such a liability.

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History

S 588P inserted by No 210 of 1992, s 111 (effective 23 June 1993).

[ CCH Note: See s 1383(7).]

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