Section 1224X — Corporations Act 2001 (Cth)

(1) This section applies if:

(a) a temporary corporate director is appointed by the Court under section 1224V; and

(b) the temporary corporate director fails to call a members’ meeting to consider and vote on a special resolution choosing a company to be the permanent corporate director within the period applicable under subsection 1224W(3).

(2) An application to the Court for the appointment of a temporary corporate director of the CCIV under section 1224V may be made by any of the following:

(a) ASIC;

(b) a member, or group of members, of the CCIV.

Related sections

• s 1224U — Replacement of corporate director by members
• s 1224V — Appointment of temporary corporate director by Court
• s 1224W — Temporary corporate director to initiate appointment of permanent corporate director
• s 1224Y — Members fail to appoint permanent corporate director
• s 1224Z — Former corporate director to hand over books and provide reasonable assistance
• s 1224ZA — Rights, obligations and liabilities of former corporate director

Research how courts apply s 1224X

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