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StatuteCompanies Act 1993

Section 239AEV — Companies Act 1993: Creditors' meetings in single administration of pool companies

Text of the provision Official document

239AEV Creditors' meetings in single administration of pool companies (1) The provisions of this Part in relation to creditors' meetings apply except that, subject to subsection (2), a creditor of a pool company may only vote on a matter related to the pool company of which that person is a creditor. (2) If separate voting by creditors is impracticable (because, for example, the affairs of the pool companies are intermingled), the Court may, on the application of the pool administrator, give directions as to how voting at a creditors' meeting must proceed. Section 239AEV: 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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