Commonwealth Consolidated Acts

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Transfer of shares

  (1)   The administrator of a deed of company arrangement may transfer shares in the company if the administrator has obtained:

  (a)   the written consent of the owner of the shares; or

  (b)   the leave of the Court.

  (2)   A person is not entitled to oppose an application for leave under subsection   (1) unless the person is:

  (a)   a member of the company; or

  (b)   a creditor of the company; or

  (c)   any other interested person; or

  (d)   ASIC.

  (3)   The Court may only give leave under subsection   (1) if it is satisfied that the transfer would not unfairly prejudice the interests of members of the company.

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