New Zealand Legislation: Acts

18 Disposition of property to trustee for benefit of creditors

• (1) A debtor commits an act of bankruptcy if, in New Zealand or elsewhere, the debtor disposes of all, or substantially all, of the debtor's property to a trustee for the benefit of all or any of the debtor's creditors.

  (2) This section is subject to section 41(3)(a).

  Compare: 1967 No 54 s 19(1)(a)