Commonwealth Numbered Acts

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

Protection of company's property from persons bound by deed

(1) Until a deed of company arrangement terminates, this section applies to a person bound by the deed. (2) The person cannot:

make an application for an order to wind up the company; or

proceed with such an application made before the deed became binding on the person.

(3) The person cannot:

begin or proceed with a proceeding against the company or in relation to any of its property; or

begin or proceed with enforcement process in relation to property of the company;


with the leave of the Court; and

in accordance with such terms (if any) as the Court imposes.

(4) In subsection (3):

"property", in relation to the company, includes property used or occupied by, or in the possession of, the company.

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