SECTION 436A COMPANY MAY APPOINT ADMINISTRATOR IF BOARD THINKS IT IS OR WILL BECOME INSOLVENT
436A(1) [How company may appoint administrator]
(a) in the opinion of the directors voting for the resolution, the company is insolvent, or is likely to become insolvent at some future time; and
(b) an administrator of the company should be appointed.
S 436A(2) amended by No 132 of 2007, s 3, Sch 4, Pt 1 (effective 31 December 2007).