Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 177

Transfer of business to another company

  (1)   If the Court orders the transfer of the business, or part of the business, of a company to another company, the judicial manager must prepare a scheme for the transfer in accordance with Part   9.

  (2)   Until the Court confirms the scheme under that Part, the company continues to be under judicial management.


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