Section 239ABJ — Companies Act 1993: Administration not to trigger enforcement of guarantee of liability of director or relative

239ABJ Administration not to trigger enforcement of guarantee of liability of director or relative (1) During the administration of a company, except with the Court's permission and in accordance with the terms that the Court may impose, a guarantee of a liability of the company must not be enforced against— (a) a director of the company; or (b) that person's spouse or relative. (2) In this section, liability means a debt, liability, or other obligation. Compare: Corporations Act 2001 (Australia) s 440J(1) Section 239ABJ: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).