Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 484
Appointment of special manager
- (1)
- The liquidator may, if satisfied that the
nature of the property or business of the company, or the interests of the
creditors or contributories generally, requires or require the appointment of
a special manager of the property or business of the company other than
himself or herself, apply to the Court, and the Court may appoint a special
manager of the property or business to act during such time as the Court
directs with such powers, including any of the powers of a receiver or
manager, as are entrusted to him or her by the Court.
- (2)
- The special manager:
- (a)
- shall give such security and account in such manner as
the Court directs;
- (b)
- shall receive such remuneration as is fixed by the Court;
and
- (c)
- may at any time resign by notice in writing addressed to the
liquidator or may, on cause shown, be removed by the Court.
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