Statute
Section 135 — Companies Act 1993: Reckless trading
Text of the provision Official document
135 Reckless trading A director of a company must not— (a) Agree to the business of the company being carried on in a manner likely to create a substantial risk of serious loss to the company's creditors; or (b) Cause or allow the business of the company to be carried on in a manner likely to create a substantial risk of serious loss to the company's creditors.
Official source: legislation.govt.nz
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