Statute
Section 239S — Companies Act 1993: Appointor may appoint new administrator to fill vacancy
Text of the provision Official document
239S Appointor may appoint new administrator to fill vacancy (1) The appointor of an administrator may appoint a replacement to fill the vacancy that occurs if the administrator— (a) resigns; or (b) dies; or (c) becomes disqualified. (2) The appointment of a replacement administrator by a company must be made by a resolution of the board of the company. Compare: Corporations Act 2001 (Australia) s 449C Section 239S: 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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