Skip To Main Content

New Zealand Legislation: Acts

Acts are laws made by Parliament

Companies (Minority Buy-out Rights) Amendment Act 2008

Public Act	2008 No 69
Date of assent	16 September 2008
Commencement	see section 2

Contents

Part 1
Amendments to Companies Act 1993

3 Principal Act amended

4 Company may acquire its own shares

5 Cancellation of shares repurchased

6 Company may hold its own shares

7 New sections 112 to 112C substituted

112 Price for shares to be purchased by company determined

112A Price for shares referred to arbitration if shareholder objects to price

112B Interest payable on outstanding payments

112C Timing of transfer of shares

8 Purchase of shares by third party

9 Resolution in lieu of meeting

10 Schedule 1 amended

Part 2
Transitional provision and consequential amendments to other enactments

11 Application of amendments in Part 1

12 Amendment to Co-operative Companies Act 1996

13 Amendment to Overseas Investment Regulations 2005

14 Amendment to Lawyers and Conveyancers Act (Lawyers: Nominee Company) Rules 2008

Legislative history

The Parliament of New Zealand enacts as follows: