Document ID: chunk:federal_register_of_legislation:C2025C00185:section:444e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 444E
Character Range: 1584646–1585612

444E  Protection of company's property from persons bound by deed
 (1) Until a deed of company arrangement terminates, this section applies to a person bound by the deed.
 (2) The person cannot:
 (a) make an application for an order to wind up the company; or
 (b) proceed with such an application made before the deed became binding on the person.
 (3) The person cannot:
 (a) begin or proceed with a proceeding against the company or in relation to any of its property; or
 (b) begin or proceed with enforcement process in relation to property of the company;
except:
 (c) with the leave of the Court; and
 (d) in accordance with such terms (if any) as the Court imposes.
 (4) In subsection (3):
property of a company includes:
 (a) any PPSA retention of title property of the company; and
 (b) any other property used or occupied by, or in the possession of, the company.
Note: See sections 9 (definition of property) and 51F (PPSA retention of title property).