| Commentary

327 General

| Commentary

(3) ADMINISTRATION

327 General

Administration enables an insolvent partnership to obtain an indulgence (or moratorium) in respect of its debts by the appointment of an administrator either by1:

  1. 327.1

        an order of the court;

  2. 327.2

        the holder of an agricultural floating charge2; or

  3. 327.3

        the members of an insolvent partnership.

The forms prescribed for use in partnership insolvency must be used3.

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