Document ID: chunk:federal_register_of_legislation:C2004A04501:schedule:3:p110
Version: federal_register_of_legislation:C2004A04501
Segment Type: schedule
Provision Reference: sch 3 (pt 110/110)
Character Range: 430809–431627

so issues such an invitation, no such member has agreed to buy the share from the trustee at a reasonable price;

the trustee may sell and transfer the share to a person other than such a member.

"(8) A provision of the company's constitution is void as against the trustee in so far as, apart from this section, it would affect rights attached to the share:

  (a)     because the bankrupt is a bankrupt; or

    (b)     because of some event that led to the bankrupt becoming, or that indicated that the bankrupt was about to become, or might be about to become, a bankrupt; or

    (c)     for reasons including a reason referred to in paragraph (a) or (b).

"(9) Nothing in this section limits the generality of anything else in it.

"(10) This section has effect despite anything in the company's constitution.".