Commonwealth Repealed Acts
[Index]
[Table]
[Search]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
This legislation has been repealed.
CORPORATIONS LAW
- SECT 970A
Claimant may be required to exercise right of set-off
If:
- (a)
- a person
(in this section called the claimant ) has
made a claim in respect of a liability of another person (in this section
called the defaulter );
and
- (b)
- the claimant has a right,
whether under an agreement or otherwise, to set off a liability of the
claimant to the defaulter against the liability referred to in paragraph (a);
SEGC may refuse to allow the claim until the claimant has exercised the right.
[Index]
[Table]
[Search]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]