Corporations (Investigation and Management) Amendment Act 1999

Corporations (Investigation and Management) Amendment Act 1999

Public Act1999 No 20
Date of assent26 April 1999

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title
2 Statutory management of corporations and associated persons
  • This section inserted s 38(3) and (4) of the principal Act.

3 Moratorium
  • (1) This subsection amended s 42(5) and (6) of the principal Act.

    (2) This subsection inserted s 42(7) of the principal Act.

4 Statutory manager may suspend payment of money owing
  • (1) This subsection amended s 44(3) of the principal Act.

    (2) This subsection inserted s 44(4) of the principal Act.

5 Management of corporation to vest in statutory manager
  • This section amended s 45(1) of the principal Act.

6 Application of certain provisions of Companies Act 1993
  • (1) This subsection amended s 55(1) of the principal Act.

    (2) This subsection substituted s 55(1)(c) of the principal Act.

7 Termination of statutory management
    • (a) This paragraph amended section 62(1) of the principal Act.

    • (c) This paragraph amended section 62(4) of the principal Act.

    • (d) This paragraph amended section 62(4)(a) and (b) of the principal Act.

    • (e) This paragraph amended section 62(5)(a) of the principal Act.

    • (f) This paragraph amended section 62(5)(b) of the principal Act.