Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_440ba
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 440BA
Character Range: 160726–161246

440BA  Liens and pledges

  If:
 (a) a company is under administration; and
 (b) property of the company is subject to a lien or pledge; and
 (c) the property is in the lawful possession of the holder of the lien or pledge;
then, during the administration of the company, the holder of the lien or pledge:
 (d) may continue to possess the property; and
 (e) cannot sell the property, or otherwise enforce the lien or pledge, except:
 (i) with the administrator's written consent; or
 (ii) with the leave of the Court.