25
CurrentCorporation may compound
Part 2Darwin Waterfront Corporation
Division 2Functions and powers of Corporation
25 Corporation may compound
The Corporation may compound with any of the following persons for an amount of money or other consideration as the Corporation considers appropriate:
(a)
a person who has entered into a contract with the Corporation;
(b) a person who has commenced or intends to commence proceedings against the Corporation;
(c) a person against whom the Corporation has commenced or intends to commence proceedings.
This Act’s bill:Explanatory statementSecond reading speech
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