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StatuteCompanies Act 1993

Section 153 — Companies Act 1993: Appointment of first and subsequent directors

Text of the provision Official document

153 Appointment of first and subsequent directors (1) A person named as a director in an application for registration or in an amalgamation proposal holds office as a director from the date of registration or the date the amalgamation proposal is effective, as the case may be, until that person ceases to hold office as a director in accordance with this Act. (2) All subsequent directors of a company must, unless the constitution of the company otherwise provides, be appointed by ordinary resolution.

Official source: legislation.govt.nz

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