Reserve Bank of New Zealand Amendment Act 1999

Reserve Bank of New Zealand Amendment Act 1999

Public Act1999 No 22
Date of assent26 April 1999

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

1 Short Title
2 Statutory management of registered banks and associated persons
  • This section inserted s 117(4) and (5) of the principal Act.

3 Moratorium
  • (1) This subsection amended s 122(5) and (6) of the principal Act.

    (2) This subsection inserted s 122(7) of the principal Act.

4 Statutory manager may suspend payment of money owing
  • (1) This subsection amended s 127(3) of the principal Act.

    (2) This subsection inserted s 127(4) of the principal Act.

5 Management of registered bank to vest in statutory manager
  • This section amended s 128(1) of the principal Act.

6 Application of certain provisions of Companies Act 1993
  • (1) This subsection amended s 139(1) of the principal Act.

    (2) This subsection substituted Section 139(1)(c) of the principal Act.

7 Termination of statutory management
    • (b) This paragraph amended s 144(5) of the principal Act.

    • (c) This paragraph amended s 144(5)(a) and (b) of the principal Act.

    • (d) This paragraph amended s 144(6)(a) of the principal Act.

    • (e) This paragraph amended s 144(6)(b) and (c) of the principal Act.