Act Repealed Latest version as at 17 December 1985 (as enacted) | 1985 No 184

Life Insurance Amendment Act 1985

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Life Insurance Amendment Act 1985

Public Act		1985 No 184
Date of assent		17 December 1985

	Title
1	Short Title
2	Functions of judicial manager
	Administrative information

An Act to amend the Life Insurance Act 1908

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act may be cited as the Life Insurance Amendment Act 1985, and shall be read together with and deemed part of the Life Insurance Act 1908 (hereinafter referred to as the principal Act).

2 Functions of judicial manager

Section 40f of the principal Act (as inserted by section 18 of the Life Insurance Amendment Act 1983) is hereby amended by repealing paragraphs (b) to (d), and substituting the following paragraph:

“(b)

To make a report to the Court as to the state of the business and affairs of the company and to recommend therein as to—

“(i)

The carrying on by the company of the business of the company:

“(ii)

The transfer of the business of the company, or any part thereof to any other company pursuant to a scheme of transfer accompanying the report:

“(iii)

The winding up of the company:

“(iv)

Any other course of action, matter, or thing in respect of the business of the company.”

This Act is administered in the Department of Justice.

Life Insurance Amendment Act 1985