Statute
Section 1236K — Corporations Act 2001: Application of sub-fund property to meet certain priority payments
Text of the provision Official document
If a receiver is appointed in respect of property of a sub-fund of a CCIV, the assets of the sub-fund may be applied for the purposes of paying debts or amounts that, under section 433, must be paid in priority to any claim for principal or interest in respect of the debentures referred to in that section.
Official source: Federal Register of Legislation
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