Section 487 — Corporations Act 2001 (Cth)

The Court, at any time before or after making a winding up order, on proof of probable cause for believing that a contributory is about to leave this jurisdiction, or Australia, or otherwise to abscond or to remove or conceal any of his or her property for the purpose of evading payment of calls or of avoiding examination respecting affairs of the company, may cause the contributory to be arrested and held in custody and the books and movable personal property of the contributory to be seized and safely kept until such time as the Court orders.

Related sections

• s 486 — Inspection of books by creditors and contributories
• s 486A — Court may make order to prevent officer or related entity from avoiding liability to company
• s 486B — Warrant to arrest person who is absconding, or who has dealt with property or books, in order to avoid obligations in connection with winding up
• s 488 — Delegation to liquidator of certain powers of Court
• s 489 — Powers of Court cumulative
• s 489A — Arrest of person subject to warrant

Research how courts apply s 487

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