115
In forceReceiver is taken to be beneficially entitled
Part 8Management and receivership
Division 3Receivership
115 Receiver is taken to be beneficially entitled
(1)
Proceedings taken under this Division in the name of a receiver in relation to any property may be so taken as if the receiver were beneficially entitled to the property.
(2)
If receivable property has been taken by, or paid or transferred to, a person or otherwise used unlawfully or in breach of trust, a receiver may take proceedings in the name of the receiver as if the receiver were beneficially entitled to the property at the time the property was so taken, paid, transferred or used.
This Act’s bill:Explanatory memorandumSecond reading speech
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