Companies Act 1993

If you need more information about this Act, please contact the administering agency: Ministry of Business, Innovation, and Employment
386 Liability for contravening section 385 or section 385AA

A person who acts in contravention of a notice under section 385 or 385AA is personally liable to—

(a)

a liquidator of the company for every unpaid debt incurred by the company; and

(b)

a creditor of the company for a debt to that creditor incurred by the company—

while that person was so acting.

Section 386 heading: amended, on 1 May 2015, by section 57(1) of the Companies Amendment Act 2014 (2014 No 46).

Section 386: amended, on 1 May 2015, by section 57(2) of the Companies Amendment Act 2014 (2014 No 46).