New Zealand Legislation: Regulations

6 Holding accounts may be held jointly

• (1) Two or more persons may hold a holding account jointly if each person is a qualified person.

  (2) Persons that hold a holding account jointly are jointly and severally liable regarding any matter arising with respect to the account.

  (3) With respect to a holding account held jointly, any declaration that must be signed by an account holder under these regulations must be signed by each account holder of that holding account.

  (4) With respect to a proposed holding account to be held jointly, any declaration that must be signed by a proposed account holder under these regulations must be signed by each proposed account holder of that proposed holding account.