Section 239ADP — Companies Act 1993: Orders to protect creditors during administration
Text of the provision Official document
239ADP Orders to protect creditors during administration (1) On the application of the Registrar, the Court may make any order that it thinks necessary to protect the interests of the company's creditors while the company is in administration. (2) On the application of a creditor of a company, the Court may make any order that it thinks necessary to protect the interests of that creditor while the company is in administration. (3) An order may be made subject to conditions. Compare: Corporations Act 2001 (Australia) s 447B Section 239ADP: 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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