CORPORATIONS ACT 2001 - SECT 451B Appointment of 2 or more administrators of deed of company arrangement
CORPORATIONS ACT 2001 - SECT 451B
Appointment of 2 or more administrators of deed of company arrangement(1) Where a provision of this Act provides for an administrator of a deed of company arrangement to be appointed, 2 or more persons may be appointed as administrators of the deed.
(2) Where, because of subsection (1), there are 2 or more administrators of a deed of company arrangement:
(a) a function or power of an administrator of the deed may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the deed, or the resolution or instrument appointing them, otherwise provides; and
(b) a reference in this Act to an administrator, or to the
administrator, of a deed of company arrangement is, in the case of the first -
mentioned deed, a reference to whichever one or more of those administrators
the case requires.