453V
In forceLis pendens taken to exist
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3BRestructuring of a company
Division 2Restructuring
Subdivision EEffect on company etc. during restructuring
453V Lis pendens taken to exist
(1)
This section has effect only for the purposes of a law about the effect of a lis pendens on purchasers or mortgagees.
(2)
During the restructuring of the company, an application to wind up the company is taken to be pending.
(3)
An application that is taken because of subsection (2) to be pending constitutes a lis pendens.
This Act’s bill:Explanatory memorandumSecond reading speech
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