QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.419Application of Corporations Act to person appointed to administer compromise or arrangement
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sec.419 Application of Corporations Act to person appointed to administer compromise or arrangement
The provisions of sections 425 , 427 (1A) and (2) , 428 , 432 and 434 of the Corporations Act as applying under this Law apply to a person appointed to administer a compromise or arrangement in relation to a co-operative, as if— the appointment were an appointment of the person as a receiver and manager of property of the co-operative; and a reference in those sections to a receiver were a reference to the person.
- (a) the appointment were an appointment of the person as a receiver and manager of property of the co-operative; and
- (b) a reference in those sections to a receiver were a reference to the person.