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CORPORATIONS ACT 2001 - SECT 440D Stay of proceedings

CORPORATIONS ACT 2001 - SECT 440D

Stay of proceedings

  (1)   During the administration of a company, a proceeding in a court against the company or in relation to any of its property cannot be begun or proceeded with, except:

  (a)   with the administrator's written consent; or

  (b)   with the leave of the Court and in accordance with such terms (if any) as the Court imposes.

  (2)   Subsection   (1) does not apply to:

  (a)   a criminal proceeding; or

  (b)   a prescribed proceeding.

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