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CORPORATIONS ACT 2001 - SECT 1236B Appointment of a controller of property of a sub - fund of a CCIV

CORPORATIONS ACT 2001 - SECT 1236B

Appointment of a controller of property of a sub - fund of a CCIV

  (1)   An appointment covered by subsection   (2):

  (a)   may not be made in relation to all the property of a CCIV; and

  (b)   may be made only in relation to property of a CCIV that is property of a particular sub - fund of the CCIV.

  (2)   The appointments covered by this subsection are appointments, whether made under a power contained in an instrument, or by a Court, of a person to act as a:

  (a)   receiver; or

  (b)   receiver and manager; or

  (c)   controller;

of property of the CCIV.

Note:   A Court may appoint a receiver under section   233, 283HB, 1101B or 1323.

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