Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 441F
Where recovery of property begins before administration
- (1)
- This section applies if, before the beginning
of the administration of a company, a receiver or other person:
- (a)
- entered into possession, or
assumed control, of property used or occupied by, or in the possession of, the
company; or
- (b)
- exercised any other power in relation to such property;
for the purpose of enforcing a right of the owner or lessor of
the property to take possession of the property or otherwise recover it.
- (2)
- Nothing in section 437C or 440C prevents the receiver or
other person from performing a function, or exercising a power, in relation to
the property.
- (3)
- Section 437D does not apply in relation to a transaction or
dealing that affects the property and is entered into in the performance or
exercise of a function or power of the receiver or other person.
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