Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1234C

Property that is required to be converted to be applied only for that purpose

    An item of property of a CCIV to which section   1233K applies may not be applied for any purpose, except for the purpose of the conversion required by that section.

Note:   For the consequences of a contravention of this requirement, see section   1234F.


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