Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 392

Postponement of sale
392. (1) An intended sale of forfeited shares that has been duly advertised
may be postponed for not more than 21 days from the advertised date of sale or
from any date to which the sale has duly been postponed, but so that no such
intended sale shall be postponed to a date more than 90 days from the first
date fixed for the intended sale.

(2) The date to which the sale is postponed shall, in respect of every
postponement, be advertised in a daily newspaper circulating generally in
Australia. 


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