Statute
Section 90 — Companies Act 1993: Directors' duty to supervise share register
Text of the provision Official document
90 Directors' duty to supervise share register (1) It is the duty of each director to take reasonable steps to ensure that the share register is properly kept and that share transfers are promptly entered on it in accordance with section 84 of this Act. (2) A director who fails to comply with subsection (1) of this section commits an offence and is liable on conviction to the penalty set out in section 373(2) of this Act.
Official source: legislation.govt.nz
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