Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 473

Division 7-Miscellaneous

473. (1) This section applies to a body that is-

   (a)  a recognized company;

   (b)  a foreign company incorporated or formed in Australia or an external
        Territory; or

   (c)  a body referred to in paragraph 469 (1) (b) incorporated or formed in
        Australia or an external Territory.

(2) Where, after a body to which this section applies has been dissolved,
there remains in the Territory any outstanding property, not including unpaid
capital, whether called or uncalled, which was vested in the body, to which
the body was entitled, or over which the body had a disposing power at the
time when it was dissolved, but which was not got in, realized upon or
otherwise disposed of or dealt with by the body or its liquidator, the estate
and interest in the property, at law or in equity, of the body or its
liquidator at the time when the body was dissolved, together with all claims,
rights and remedies that the body or its liquidator then had in respect of the
property, vests by force of this section in such person as is entitled to the
property according to the law of the place of incorporation or formation of
the body.