434C
In forceEffect of sections 434A and 434B
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.2Receivers, and other controllers, of property of corporations
434C Effect of sections 434A and 434B
(1)
Except as expressly provided in section 434A or 434B, an order under that section does not affect a security interest in property of a corporation.
(2)
Nothing in section 434A or 434B limits any other power of the Court to remove, or otherwise deal with, a controller of property of a corporation (for example, the Court’s powers under section 423).
This Act’s bill:Explanatory memorandumSecond reading speech
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