Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


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.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback