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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 17 - Miscellaneous  

SECTION 451A  APPOINTMENT OF 2 OR MORE ADMINISTRATORS OF COMPANY  

451A(1)  [Two or more persons may be appointed]  


Where a provision of this Act provides for an administrator of a company to be appointed, 2 or more persons may be appointed as administrators of the company.

451A(2)  [How two or more administrators to exercise powers, etc]  


Where, because of subsection (1), there are 2 or more administrators of a company:


(a) a function or power of an administrator of the company may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the instrument or resolution appointing them otherwise provides; and


(b) a reference in this Act to an administrator, or to the administrator, of a company is, in the case of the first-mentioned company, a reference to whichever one or more of those administrators the case requires.

 



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