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StatuteCorporations Act 2001

Section 283EC — Corporations Act 2001: Court may order meeting

Text of the provision Official document

(1) Without limiting section 283HA or 283HB, the Court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee. The order may direct the trustee to: (a) place before the debenture holders any information concerning their interests; and (b) place before the debenture holders any proposals to protect their interests that the Court directs or the trustee considers appropriate; and (c) obtain the debenture holders’ directions concerning the protection of their interests. (2) The meeting is to be held and conducted in the manner the Court directs. The trustee may appoint a person to chair the meeting. If the trustee does not exercise this power, the debenture holders present at the meeting may appoint a person to chair the meeting.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.