Section 261: Execution of deed
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
261. Execution of deed
(1) A deed of company arrangement is where the deed is executed by
the company in administration and the deed administrator.
(2) The deadline for the execution of the deed is—
(a) 21 days after a watershed meeting has approved it; or
(b) the further time that the Court allows, if the deed administrator
has applied to the Court for an extension before the end of the
initial period of 21 days after approval.
(3) The company may not execute a deed unless the board of the company has, by resolution, authorised the deed to be executed by the company
or on its behalf.
(4) Subsection (3) applies notwithstanding section 224, but does not
limit the functions and powers of the administrator of the company.