Document ID: chunk:federal_register_of_legislation:C2025C00185:section:420:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 420 (pt 2/2)
Character Range: 1440983–1442335

dividends and to assent to a proposal for a composition, a scheme of arrangement or a restructuring plan; and
 (s) if the receiver was appointed under an instrument that created a security interest in uncalled share capital of the corporation:
 (i) to make a call in the name of the corporation for the payment of money unpaid on the corporation's shares; or
 (ii) on giving a proper indemnity to a liquidator of the corporation—to make a call in the liquidator's name for the payment of money unpaid on the corporation's shares; and
 (t) to enforce payment of any call that is due and unpaid, whether the calls were made by the receiver or otherwise; and
 (u) to make or defend an application for the winding up of the corporation; and
 (w) to refer to arbitration any question affecting the corporation.
 (3) The conferring by this section on a receiver of powers in relation to property of a corporation does not affect any rights in relation to that property of any other person other than the corporation.
 (4) In this section, a reference, in relation to a receiver, to property of a corporation is, unless the contrary intention appears, a reference to the property of the corporation in relation to which the receiver was appointed.
 (5) In this section:
lease includes a lease of goods that gives rise to a PPSA security interest in the goods.