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StatuteCompanies Act 1993

Section 264 — Companies Act 1993: Delivery of document creating charge over property

Text of the provision Official document

264 Delivery of document creating charge over property (1) A person is required to deliver a document to a liquidator under section 261 of this Act even though possession of the document creates a charge over property of a company. (2) Production of the document to the liquidator does not prejudice the existence or priority of the charge, but the liquidator must make the document available to the person entitled to it for the purpose of dealing with or realising the charge or the secured property.

Official source: legislation.govt.nz

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