sec.83Chief executive may require notices to be sent to creditors

### sec.83 Chief executive may require notices to be sent to creditors After considering an application to amalgamate, the chief executive may require a secretary of an old association involved in the proposed amalgamation to give— to the association’s creditors written notice of the application in the approved form; and to the chief executive a statutory declaration stating the names and addresses of all of the association’s creditors and stating that each of the creditors was sent a notice under paragraph (a) . The notice under subsection (1) (a) must include a statement that a creditor may notify the chief executive in writing within 21 days after the notice is given to the creditor that the creditor opposes the amalgamation and the reasons for the creditor’s opposition. The secretary must comply with a requirement made under subsection (1) . Maximum penalty—10 penalty units. If the chief executive receives a notice from a creditor within the time stated in a notice under subsection (1) (a) , the chief executive must not grant the application without the sanction of the Supreme Court. s 83 ins 1995 No. 7 s 10 (sec.83-ssec.1) After considering an application to amalgamate, the chief executive may require a secretary of an old association involved in the proposed amalgamation to give— to the association’s creditors written notice of the application in the approved form; and to the chief executive a statutory declaration stating the names and addresses of all of the association’s creditors and stating that each of the creditors was sent a notice under paragraph (a) . (sec.83-ssec.2) The notice under subsection (1) (a) must include a statement that a creditor may notify the chief executive in writing within 21 days after the notice is given to the creditor that the creditor opposes the amalgamation and the reasons for the creditor’s opposition. (sec.83-ssec.3) The secretary must comply with a requirement made under subsection (1) . Maximum penalty—10 penalty units. (sec.83-ssec.4) If the chief executive receives a notice from a creditor within the time stated in a notice under subsection (1) (a) , the chief executive must not grant the application without the sanction of the Supreme Court. - (a) to the association’s creditors written notice of the application in the approved form; and - (b) to the chief executive a statutory declaration stating the names and addresses of all of the association’s creditors and stating that each of the creditors was sent a notice under paragraph (a) .