New Zealand Legislation: Acts

15 Agreement for transfer or surrender

• (1) After the amalgamation date, an exiting company may—

  • (a) transfer the shares it holds in the Board to any qualifying company by agreement with the qualifying company; or

  • (b) surrender those shares by agreement with the Board.

  (2) This section does not apply after an exiting company has given a binding notice under clause 12.15 of the Board's constitution.