434D
In forceAppointment of 2 or more receivers of property of a corporation
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
434D Appointment of 2 or more receivers of property of a corporation
If 2 or more persons have been appointed as receivers of property of a corporation:
(a)
a function or power of a receiver of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
(b)
a reference in this Act to a receiver, or to the receiver, of property of a corporation is, in the case of the first‑mentioned corporation, a reference to whichever one or more of those receivers the case requires.
This Act’s bill:Explanatory memorandumSecond reading speech
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