Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 1335

(1)

Where a corporation is plaintiff in any action or other legal proceeding, the court having jurisdiction in the matter may, if it appears by credible testimony that there is reason to believe that the corporation will be unable to pay the costs of the defendant if successful in his, her or its defence, require sufficient security to be given for those costs and stay all proceedings until the security is given.

(2)

The costs of any proceeding before a court under this Law shall be borne by such party to the proceeding as the court, in its discretion, directs.