Section 239ACQ — Companies Act 1993: Creditor must not act inconsistently with deed, etc, before execution

239ACQ Creditor must not act inconsistently with deed, etc, before execution (1) In this section, interim period means the period between a resolution passed at the watershed meeting that the company execute a deed of company arrangement and the sooner of— (a) execution of the deed by the company and the deed administrator; or (b) expiry of the period during which the deed may be executed. (2) In the interim period, in so far as a person would be bound by the deed if it had already been executed, that person— (a) must not do anything inconsistent with the deed, except with the permission of the Court; and (b) must not take a step that is prohibited under section 239ACU . Compare: Corporations Act 2001 (Australia) s 444C Section 239ACQ: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).