Sections 471B and 471C of the Corporations Act 2001 (Cth) deal only with valid securities and do not displace the common law requirement that a person claiming rights over property in the possession of a court-appointed liquidator must obtain leave of the court before enforcing those rights where the validity of the security is disputed. A purported secured creditor who interferes with liquidators' control without leave in such circumstances faces a serious question of contempt.
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