Commonwealth Consolidated Acts

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Creditor etc. not to act inconsistently with deed before its execution

             (1)  Where, at a meeting convened under section 439A, a company's creditors resolve that the company execute a deed of company arrangement, this section applies until:

                     (a)  the deed is executed by both the company and the deed's administrator; or

                     (b)  the period within which subsection 444B(2) requires the company to execute the deed ends;

whichever happens sooner.

             (2)  In so far as a person would be bound by the deed if it had already been so executed, the person:

                     (a)  must not do anything inconsistent with the deed, except with the leave of the Court; and

                     (b)  is subject to section 444E.

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