New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) An officer who is empowered to take security from a person for any purpose may determine the appropriate number of sureties and the form and the amount of the security.
(2) Any person required to give security may appeal to the court against any decision under subclause (1).
(3) If a surety becomes bankrupt or insolvent, or makes a composition with that surety’s creditors, the court may stay all further steps in the proceeding by the principal party to the security until another surety has been found.
Compare: 1908 No 89 Schedule 2 rr 16, 17