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StatuteCorporations Act 2001

Section 513D — Corporations Act 2001: Validity of proceedings in earlier winding up

Text of the provision Official document

Where, at the time when: (a) the Court orders under section 233, 459A, 459B or 461 that a company be wound up; or (b) a company resolves by special resolution that it be wound up voluntarily; a winding up of the company is already in progress, all proceedings in the last-mentioned winding up are taken to have been valid, except so far as the Court otherwise orders because fraud or mistake has been proved.

Official source: Federal Register of Legislation

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