New Zealand Legislation: Acts

72 Effect of avoidance on third parties

• The avoidance of an act under section 69 does not affect the title or interest of a person to or in property that that person has acquired if the property was acquired—

  • (a) from a person other than the entity; and

  • (b) for valuable consideration; and

  • (c) without knowledge of the circumstances of the act under which the person referred to in paragraph (a) acquired the property from the entity.