Corporations (Investigation and Management) Order (No 3) 2010

  • revoked
  • Corporations (Investigation and Management) Order (No 3) 2010: revoked, on 24 December 2015, by clause 4 of the Corporations (Investigation and Management) Order 2015 (LI 2015/295).

Reprint as at 24 December 2015

Coat of Arms of New Zealand

Corporations (Investigation and Management) Order (No 3) 2010

(SR 2010/322)

Corporations (Investigation and Management) Order (No 3) 2010: revoked, on 24 December 2015, by clause 4 of the Corporations (Investigation and Management) Order 2015 (LI 2015/295).

Anand Satyanand, Governor-General

Order in Council

At Wellington this 20th day of September 2010

Present:
His Excellency the Governor-General in Council

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 order is administered by the Ministry of Business, Innovation, and Employment.

Pursuant to section 38 of the Corporations (Investigation and Management) Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, and on the advice of the Minister of Commerce given in accordance with a recommendation of the Securities Commission, makes the following order.

Order

1 Title

This order is the Corporations (Investigation and Management) Order (No 3) 2010.

2 Commencement

This order comes into force at 5.30 pm on 20 September 2010.

3 Declaration that certain corporations are subject to statutory management

The corporations named in the Schedule are declared to be subject to statutory management under the Corporations (Investigation and Management) Act 1989.

4 Appointment of statutory managers of corporations named in Schedule

(1)

Trevor Francis Thornton of Christchurch, Richard Grant Simpson of Wellington, and Graeme Carson McGlinn of Christchurch, Chartered Accountants, are appointed as statutory managers of each of the corporations named in the Schedule.

(2)

The powers conferred by Part 3 of the Corporations (Investigation and Management) Act 1989 may be exercised by the statutory managers individually.

Schedule Corporations declared subject to statutory management

cl 3

Hubbard Churcher Trust Management Limited

Forresters Nominee Company Limited

Rebecca Kitteridge,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force at 5.30 pm on 20 September 2010, declares that Hubbard Churcher Trust Management Limited and Forresters Nominee Company Limited are subject to statutory management under the Corporations (Investigation and Management) Act 1989 (the Act).

The order appoints 3 statutory managers in respect of both of those corporations, and empowers the statutory managers to exercise individually the powers conferred by Part 3 of the Act.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 21 September 2010.

Reprints notes
1 General

This is a reprint of the Corporations (Investigation and Management) Order (No 3) 2010 that incorporates all the amendments to that order 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

Corporations (Investigation and Management) Order 2015 (LI 2015/295): clause 4