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Part 3 · Effects of opening insolvency proceedings  ›  Division 3 · Contest of debtor’s transactions in insolvency proceedings › Section 129

Principle

(1) Transactions made prior to the opening of insolvency proceedings and disadvantaging the insolvency creditors may be contested by the insolvency administrator under sections 130 to 146.

(2) An omission is deemed to be equivalent to an active transaction.

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