New Zealand Legislation: Acts

96 Practice rules in relation to nominee companies

• Practice rules made by the Council of the New Zealand Law Society must regulate, or provide for the regulation of, the formation, operation, management, and winding up of nominee companies that—

  • (a) are operated by barristers and solicitors or incorporated law firms; and

  • (b) invest money in contributory mortgages or other securities on behalf of clients.

  Compare: 1982 No 123 s 17(2)(g)