Counties Insurance Empowering Act 1941
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Reprint as at 3 June 2017
Counties Insurance Empowering Act 1941
Public Act |
1941 No 6 |
|
Date of assent |
30 August 1941 |
|
Commencement |
30 August 1941 |
Counties Insurance Empowering Act 1941: repealed, on 3 June 2017, by section 3(1) of the Statutes Repeal Act 2017 (2017 No 23).
Note
Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.
This Act is administered in the Department of Internal Affairs.
Contents
An Act to confer certain powers on County Councils in relation to insurance
Preamble
Whereas certain County Councils are desirous of joining together to form a limited liability company under the name of The New Zealand Counties Co-operative Insurance Company, Limited, for the purpose of undertaking the insurance of the members of the company.
1 Short Title
This Act may be cited as the Counties Insurance Empowering Act 1941.
2 Interpretation
In this Act, unless the context otherwise requires, the term company means the New Zealand Counties Co-operative Insurance Company, Limited, referred to in the next succeeding section.
3 Authority to register company
(1)
Notwithstanding anything to the contrary in the Companies Act 1993 or in any other enactment, a company may with the prior consent in writing of the Minister of Finance be registered under the provisions of that Act having the name The New Zealand Counties Co-operative Insurance Company, Limited.
(2)
The consent of the Minister to the registration of the company may be given upon or subject to such conditions as the Minister thinks fit including, if the Minister so requires, a condition that the company shall not be entitled to exercise any specified powers conferred on it by its memorandum of association or by its articles of association except with the prior consent of the Governor-General in Council.
Section 3(1): amended, on 30 June 1997, pursuant to section 2(1) of the Companies Act Repeal Act 1993 (1993 No 126).
4 Restriction on altering memorandum and articles or constitution
The company must not alter its memorandum or articles of association or its constitution, as the case may be, except with the prior consent of the Minister of Finance.
Section 4: replaced, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
5 Local authorities may become members or shareholders of company
A local authority may become a member or shareholder of the company by—
(a)
applying for and having issued to it shares in the company in accordance with the memorandum and articles of association or the constitution of the company, as the case may be; or
(b)
with the consent of the directors of the company, acquiring shares from a member or shareholder of the company.
Section 5: replaced, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
6 Local authorities may raise money without poll to pay for shares
[Repealed]Section 6: repealed, on 1 July 2003, by section 266 of the Local Government Act 2002 (2002 No 84).
Statutes Amendment Act 1944
Public Act |
1944 No 25 |
|
Date of assent |
12 December 1944 |
|
Commencement |
12 December 1944 |
1 Short Title
This Act may be cited as the Statutes Amendment Act 1944.
Counties Insurance Empowering
13 Provision with respect to management of insurance business of New Zealand Counties Co-operative Insurance Company, Limited
(1)
This section shall be read together with and deemed part of the Counties Insurance Empowering Act 1941.
(2)
Notwithstanding anything in the State Insurance Act 1990, it shall be lawful for the New Zealand Counties Co-operative Insurance Company, Limited and State Insurance Limited from time to time to enter into agreements for the management of the company’s business by State Insurance Limited, on such terms and subject to such conditions as may be agreed upon between the company and State Insurance Limited.
(3)
While any such agreement as aforesaid remains in force the company’s auditor shall, notwithstanding anything in the Companies Act 1993, be the Auditor-General, who for that purpose shall have and may exercise all such powers as he or she has under the Public Audit Act 2001 in respect of public moneys.
(4)
This section shall be deemed to have come into force on 1 January 1944.
Section 13(2): amended, on 28 June 1990, pursuant to section 7(a) of the State Insurance Act 1990 (1990 No 36).
Section 13(2): amended, on 28 June 1990, pursuant to section 24 of the State Insurance Act 1990 (1990 No 36).
Section 13(3): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
Section 13(3): amended, on 30 June 1997, pursuant to section 2(1) of the Companies Act Repeal Act 1993 (1993 No 126).
Reprints notes
1 General
This is a reprint of the Counties Insurance Empowering Act 1941 that incorporates all the amendments to that Act as at the date of the last amendment to it.
2 Legal status
Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.
3 Editorial and format changes
Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.
4 Amendments incorporated in this reprint
Statutes Repeal Act 2017 (2017 No 23): section 3(1)
Local Government Act 2002 (2002 No 84): section 266
Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16): section 2
Companies Act Repeal Act 1993 (1993 No 126): section 2(1)
Versions
Counties Insurance Empowering Act 1941
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