Statute
Section 459D — Corporations Act 2001: Contingent or prospective liability relevant to whether company solvent
Text of the provision Official document
(1) In determining, for the purposes of an application of a kind referred to in subsection 459C(1), whether or not the company is solvent, the Court may take into account a contingent or prospective liability of the company. (2) Subsection (1) does not limit the matters that may be taken into account in determining, for a particular purpose, whether or not a company is solvent.
Official source: Federal Register of Legislation
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