Appointment and removal of members of committee of inspection by creditors generally
80-15 Appointment and removal of members of committee of inspection by creditors generally
The creditors of a regulated debtor’s estate may, by resolution, appoint members of a committee of inspection in relation to the administration of the estate.
The creditors of a regulated debtor’s estate may by resolution:
remove a person appointed as a member of the committee under this section; and
appoint another person to fill a vacancy in the office of a member of the committee appointed under this section.
A person is not entitled to vote on a resolution to appoint or remove a member of a committee of inspection under this section if:
the person, acting either alone or with others, appoints a person as a member of the committee under section 80‑20; or
the person, acting either alone or with others, appoints a person as a member of the committee under section 80‑25.
This Act’s bill:Second reading speech
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