Queensland Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMMUNITY AMBULANCE COVER LEVY REPEAL AND REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2011 No. 20 - SECT 71

71 Amendment of s 161 (Entitlement on distribution of corporation's property)

(1) Section 161(1), 'The'—

omit, insert—

'Subject to section 161B, the'.

(2) Section 161(1)(b)â€

omit, insert—

'(b) after the person or the person's representative, has, to maximise the person's entitlement, exercised all powers and discretions to do all or any of the following—
(i) effect or compel a change of the corporation's constitution;
(ii) vary the rights conferred by the shares in the corporation;
(iii) pay up any uncalled amount owing to the corporation for the shares;
(iv) satisfy conditions in the corporation's constitution relating to the shares;
(v) effect or compel the substitution or replacement of shares in the corporation with other shares in the corporation.'.

(3) Section 161(2) and (3)—

omit.

(4) Section 161(4)â€

renumber as section 161(2).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback