Section 1237E — Corporations Act 2001: Statutory demand—creditor may serve demand on CCIV

(1) A person may serve a statutory demand on a CCIV under section 459E. (2) However, subsection 459E(2) applies to a statutory demand served on a CCIV as if it also required the demand to specify, in relation to each debt to which the demand relates: (a) the sub-fund or sub-funds of the CCIV of which the debt is a liability; and (b) if the debt is a liability of 2 or more sub-funds of the CCIV—the proportion of the debt allocated to each sub-fund at the time the demand is served. (3) Whether a CCIV has failed to comply with a statutory demand is determined under section 459F. If the CCIV has failed to comply with a statutory demand, the failure affects each sub-fund specified in the demand. Note: The sub-funds specified may be affected by a variation made by the Court under subsection 1237H(3).