Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:1_434d
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 1 cl 434D
Character Range: 59883–60501

434D  Appointment of 2 or more receivers of property of a corporation

  If 2 or more persons have been appointed as receivers of property of a corporation:
 (a) a function or power of a receiver of property of the corporation may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order or instrument appointing them otherwise provides; and
 (b) a reference in this Act to a receiver, or to the receiver, of property of a corporation is, in the case of the first‑mentioned corporation, a reference to whichever one or more of those receivers the case requires.