Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_260kc
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 260KC
Character Range: 147023–147921

260KC  Court may order meeting

 (1) Without limiting section 260NA or 260NB, the Court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee. The order may direct the trustee to:
 (a) place before the debenture holders any information concerning their interests; and
 (b) place before the debenture holders any proposals to protect their interests that the Court directs or the trustee considers appropriate; and
 (c) obtain the debenture holders' directions concerning the protection of their interests.

 (2) The meeting is to be held and conducted in the manner the Court directs. The trustee may appoint a person to chair the meeting. If the trustee does not exercise this power, the debenture holders present at the meeting may appoint a person to chair the meeting.

Part 2L.6—Civil liability