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StatuteProperty Law Act 2007

Section 304 — Property Law Act 2007: Whether, and to what extent, administrator bound by covenant to which section 303 applies

Text of the provision Official document

304 Whether, and to what extent, administrator bound by covenant to which section 303 applies (1) This section applies to an administrator of the estate of a person who was bound, at the time of that person’s death, by a positive covenant to which section 303 applies. (2) The administrator is bound by the covenant— (a) only if assets of the estate are available in the administrator’s hands for meeting the obligations under the covenant; and (b) if so, only to the extent that they are so available. Compare: 1952 No 51 s 64A(3)

Official source: legislation.govt.nz

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