487
In forcePower to arrest absconding contributory
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.4BWinding up in insolvency or by the Court
Division 3General powers of Court
Subdivision AGeneral powers
487 Power to arrest absconding contributory
The Court, at any time before or after making a winding up order, on proof of probable cause for believing that a contributory is about to leave this jurisdiction, or Australia, or otherwise to abscond or to remove or conceal any of his or her property for the purpose of evading payment of calls or of avoiding examination respecting affairs of the company, may cause the contributory to be arrested and held in custody and the books and movable personal property of the contributory to be seized and safely kept until such time as the Court orders.
This Act’s bill:Explanatory memorandumSecond reading speech
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