leave (1) Any of the following persons may apply to the Court for an order
that they be substituted for a person to whom leave has been granted under
section 237:
- (a)
- a member, former member, or a person entitled to be
registered as a member, of the company or of a related body corporate;
- (b)
- an officer, or former officer, of the company.
(2) The Court may make the order if it is satisfied that:
- (a)
- the applicant
is acting in good faith; and
- (b)
- it is appropriate to make the order in all the circumstances.
(3) An order substituting one person for another has the effect that:
- (a)
- the grant of leave is taken to have been made in favour of the substituted
person; and
- (b)
- if the other person has already brought the proceedings or
intervenedthe substituted person is taken to have brought those
proceedings or to have made that intervention.