Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 444C

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:

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

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:

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

is subject to section 444E.

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