Statute
Section 242 — Companies Act 1993: Liquidators to act jointly unless otherwise stated
Text of the provision Official document
242 Liquidators to act jointly unless otherwise stated Where 2 or more persons are appointed as liquidators of a company, those persons must act jointly unless the special resolution of shareholders or the resolution of the board of the company or the order of the Court appointing the liquidators states that the liquidators may exercise their powers individually.
Official source: legislation.govt.nz
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