Commonwealth Consolidated Acts

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BANKING ACT 1959 - SECT 15BE

Moratorium--effect of Banking Act statutory management on annual general meeting

  (1)   This section applies to a body corporate that is required under section   250N or section   601BR of the Corporations Act 2001 to hold an annual general meeting within a particular period.

  (2)   Despite section   250N and section   601BR of that Act, if a Banking Act statutory manager is in control of the body corporate's business at the end of that period, the body corporate need not hold that annual general meeting.



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