New South Wales Consolidated Acts

BRITISH HOME SUPPLIES PTY., LIMITED (INVESTIGATION) ACT 1942 - SECT 4

4 No sale of assets without consent of Public Trustee

(1) No sale of or dealing with any of the assets of the company, whether held subject to any trust, mortgage, contract or otherwise, shall be of any validity whatsoever except where made with the consent in writing of the Public Trustee.

(2) Subsection one of this section shall extend to sales or other dealings made by the receiver and manager or by the mortgagee or any person acting under his authority.

(3) This section shall be deemed to have commenced on the third day of November, one thousand nine hundred and forty-two.

(4) Any person acting in contravention of this section shall be guilty of an offence and shall be liable to a penalty not exceeding two hundred pounds.