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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 11 - Variation, termination and avoidance of deed  

SECTION 445E  

445E  CREDITORS MAY TERMINATE DEED AND RESOLVE THAT COMPANY BE WOUND UP  

Where:


(a) the company's creditors pass a resolution at a meeting terminating the deed; and
 View history reference

[CCH Note: Regulation 10.25.02(3)(g) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[122] apply in relation to external administrations on and after 1 September 2017.]


(b) the notice of the meeting set out a proposed resolution that the company be wound up;

the creditors may also resolve at the meeting that the company be wound up.


 



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