420Application of Corporations Act—person appointed to administer compromise or arrangement

420 Application of Corporations Act—person appointed to administer compromise or arrangement

420 Application of Corporations Act—person appointed to administer compromise or arrangement

A person appointed to administer a compromise or arrangement is declared to be an applied Corporations legislation matter for the purposes of the Corporations application legislation of this jurisdiction in relation to section 536 of the Corporations Act, subject to the following modifications—

(a) that section applies as if the appointment were an appointment of the person as a liquidator of the co-operative;

(b) a reference in that section to a liquidator is taken to be a reference to the person;

(c) the modifications referred to in section 13 (3) of this Law so far as they are relevant.

Note—

See section 13, including Note 1 to that section.