Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_100
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 100
Character Range: 107985–108746

100  Resolution about distribution of surplus assets in winding up

(1) This item applies if, before commencement:
 (a) a transitional corporation had been wound up under the old Act; and
 (b) on the winding up, there remained surplus assets; and
 (c) a resolution relating to the distribution of the surplus assets of the transitional corporation had been passed by at least two‑thirds of the members of the transitional corporation; and
 (d) some or all of the surplus assets had not been distributed in accordance with the resolution.

(2) For the purposes of sections 526‑25 and 526‑30 of the new Act, the resolution has effect as if it had been passed by a special resolution of the transitional corporation.

Division 9—Deregistration and reinstatement