Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 1244
Form of order of Court establishing claim
- (1)
- Where, in proceedings brought to establish a
claim, the Court is satisfied that there was a defalcation or fraudulent
misuse of property on which to found the claim and that otherwise the claimant
has a valid claim, the Court shall, by order:
- (a)
- declare the fact and the date of the
defalcation or fraudulent misuse of property and the amount of the claim;
and
- (b)
- direct the board to allow the claim as so declared and deal with
it in accordance with the provisions of this Part.
- (2)
- In any such proceedings all questions of
costs are in the discretion of the Court.
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