Statute
Section 239ACA — Companies Act 1993: Act of administrator in good faith must not be set aside in liquidation
Text of the provision Official document
239ACA Act of administrator in good faith must not be set aside in liquidation A payment made, transaction entered into, or any other act or thing done, in good faith, by or with the consent of the administrator of a company in administration, must not be set aside in a liquidation of the company. Compare: Corporations Act 2001 (Australia) s 451C(b) Section 239ACA: 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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