Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 444D

(1)

A deed of company arrangement binds all creditors of the company, so far as concerns claims arising on or before the day specified in the deed under paragraph 444A(4)(i).

(2)

Subsection (1) does not prevent a secured creditor from realising or otherwise dealing with the security, except so far as:

(a)

the deed so provides in relation to a secured creditor who voted in favour of the resolution of creditors because of which the company executed the deed; or

(b)

the Court orders under subsection 444F(2).

(3)

Subsection (1) does not affect a right that an owner or lessor of property has in relation to that property, except so far as:

(a)

the deed so provides in relation to an owner or lessor of property who voted in favour of the resolution of creditors because of which the company executed the deed; or

(b)

the Court orders under subsection 444F(4).