NSWIn ForceAct
Freight Rail Corporation (Sale) Act 2001
17Steps to be taken prior to conversion
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#### 17 Steps to be taken prior to conversion
17 Steps to be taken prior to conversion
> > (1) The Treasurer’s direction for conversion of FreightCorp authorises the transfer of FreightCorp’s incorporation under the [Corporations Law](/view/html/inforce/current/sl-1999-0703) in accordance with the direction.
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> > (2) FreightCorp must, in accordance with the terms of the Treasurer’s direction:
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> > > (a) apply under the [Corporations Law](/view/html/inforce/current/sl-1999-0703) to be registered as a company limited by shares under that Law, and
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> > > (b) apply under that Law for the reservation of a name as the name of the sale company, and
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> > > (c) do such other things for the purposes of effecting the registration of FreightCorp as a company limited by shares as the Treasurer directs.
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> > (3) FreightCorp is authorised to exercise such functions as may be necessary or convenient for the purposes of this section.