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CORPORATIONS ACT 2001

CHAPTER 2L - DEBENTURES  

PART 2L.5 - MEETINGS OF DEBENTURE HOLDERS  

SECTION 283EC  COURT MAY ORDER MEETING  

283EC(1)  [Order]  


Without limiting section 283HA or 283HB, the Court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee. The order may direct the trustee to:


(a) place before the debenture holders any information concerning their interests; and


(b) place before the debenture holders any proposals to protect their interests that the Court directs or the trustee considers appropriate; and


(c) obtain the debenture holders' directions concerning the protection of their interests.

283EC(2)  [Conduct of meeting]  


The meeting is to be held and conducted in the manner the Court directs. The trustee may appoint a person to chair the meeting. If the trustee does not exercise this power, the debenture holders present at the meeting may appoint a person to chair the meeting.

 



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