95C Specific performance of contracts to subscribe for debentures

(1)

A court may order the specific performance of a contract with a company to take up and pay for any debentures of the company.

(2)

The court must not refuse to order the specific performance of a contract of that kind on the ground that the contract is one to lend money.

Compare: 1952 No 51 s 151D

Section 95C: inserted, on 1 January 2008, by section 364(1) of the Property Law Act 2007 (2007 No 91).