New Zealand Legislation: Acts

386 Liability for contravening section 385

• A person who acts in contravention of a notice under section 385 is personally liable to—

  • (a) a liquidator of the company for every unpaid debt incurred by the company; and

  • (b) a creditor of the company for a debt to that creditor incurred by the company—

  while that person was so acting.