Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW
- SECT 966
No claim in respect of money lent to dealer
Where, as at the time when a dealer becomes insolvent:
- (a)
- a person has lent money to
the dealer; and
- (b)
- the liability of the
dealer to repay the money remains undischarged;
this Division does not, because of the dealer having become insolvent at that
time, entitle the person to make a claim in respect of the money.
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