Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1224zb
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1224ZB
Character Range: 5039260–5040280

1224ZB  Effect of change of corporate director on documents etc. to which former corporate director is party
 (1) If the corporate director of a CCIV changes, a document relating to the CCIV:
 (a) to which the former corporate director is a party, in which a reference is made to the former corporate director, or under which the former corporate director has acquired or incurred a right, obligation or liability, or might have acquired or incurred a right, obligation or liability if it had remained the corporate director; and
 (b) that is capable of having effect after the change;
has effect as if the new corporate director (and not the former corporate director) were a party to it, were referred to in it or had or might have acquired or incurred the right, obligation or liability under it.
 (2) Subsection (1) does not apply to a right, obligation or liability that remains a right, obligation or liability of the former corporate director because of subsection 1224ZA(2).

Subdivision D—Termination payments