Section 23 — Citizenship Act 1977: Capacity as to property

23 Capacity as to property (1) Subject to subsection (2) of this section and to any other enactment, every person who is not a New Zealand citizen shall be entitled to take, acquire, hold, and dispose of real or personal property in the same manner in all respects as if he were a New Zealand citizen. (2) Subsection (1) of this section shall not— (a) Qualify an alien for any office, or for any parliamentary or other franchise, for which he is not otherwise qualified: (b) Qualify an alien to be the owner of a ship registered in New Zealand, or of a share in any such ship: (c) entitle an alien to acquire property without any consent required under the Overseas Investment Act 2005 : (d) Entitle a person to any right or privilege as a New Zealand citizen, except the rights and privileges conferred on him in respect of property by that subsection. Compare: 1948 No 28 s 3 Subsection (2)(c) was substituted, as from 1 February 2002, by section 6 Overseas Investment Amendment Act 1998 (1998 No 11). See clause 2 Overseas Investment Amendment Act 1998 Commencement Order 2001 (SR 2001/402). Subsection (2)(c) was substituted, as from 25 August 2005, by section 75 Overseas Investment Act 2005 (2005 No 82). See sections 76 to 79 of that Act as to the transitional provisions. See clause 2 Overseas Investment Act Commencement Order 2005 (SR 2005/219).