Corporations Amendment (Insolvency) Act 2007 (132 of 2007)
Schedule 1 Improving outcomes for creditors
Part 3 Streamlining external administration
Corporations Act 2001
111 At the end of section 497
Add:
(11) At a meeting of creditors held under this section, the creditors may, by resolution:
(a) remove the liquidator from office; and
(b) appoint another person as liquidator instead.
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