CORPORATIONS ACT 2001 - SECT 1234C Property that is required to be converted to be applied only for that purpose
CORPORATIONS ACT 2001 - SECT 1234C
Property that is required to be converted to be applied only for that purposeAn 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.