QLDIn ForceAct
Economic Development Act 2012
sec.22Holding land or other property obtained as security
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sec.22 Holding land or other property obtained as security
This section applies if MEDQ acquires or otherwise becomes entitled to land or other property as security for, or in satisfaction, liquidation or discharge of, a debt owing to MEDQ. MEDQ may hold the land or property until it can be advantageously disposed of. (sec.22-ssec.1) This section applies if MEDQ acquires or otherwise becomes entitled to land or other property as security for, or in satisfaction, liquidation or discharge of, a debt owing to MEDQ. (sec.22-ssec.2) MEDQ may hold the land or property until it can be advantageously disposed of.