Statute
Section 239ABW — Companies Act 1993: Court must not appoint interim liquidator if administration in creditors' interests
Text of the provision Official document
239ABW Court must not appoint interim liquidator if administration in creditors' interests The Court must not appoint an interim liquidator of a company in administration if the Court is satisfied that it is in the interests of the company's creditors for the company to continue in administration rather than have an interim liquidator appointed. Compare: Corporations Act 2001 (Australia) s 440A(3) Section 239ABW: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).
Official source: legislation.govt.nz
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