Statute
Section 456L — Corporations Act 2001: Lien to secure indemnity
Text of the provision Official document
(1) To secure a right of indemnity under section 456J, the restructuring practitioner has a lien on the company’s property. (2) A lien under subsection (1) has priority over another security interest only in so far as the right of indemnity under section 456J has priority over debts secured by the other security interest.
Official source: Federal Register of Legislation
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