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StatuteProperty (Relationships) Act 1976

Section 20A — Property (Relationships) Act 1976: Rights of creditors preserved

Text of the provision Official document

20A Rights of creditors preserved (1) Secured and unsecured creditors of a spouse or partner have the same rights against that spouse or partner, and against property owned by the spouse or partner, as if this Act had not been passed. (2) If, had this Act not been passed, any property would have passed to the Official Assignee on or following the bankruptcy of a spouse or partner, then that property (and no other property) passes to the Official Assignee as if this Act had not been passed. (3) This section— (a) is subject to section 20B ; and (b) applies except as otherwise expressly provided in this Act. Sections 20A to 20F were inserted, as from 1 February 2002, by section 20 Property (Relationships) Amendment Act 2001 (2001 No 5). See Part 9 of this Act as to the transitional and saving provisions. Subsections (1) and (2) were amended, as from 26 April 2005, by section 3(2) Property (Relationships) Amendment Act 2005 (2005 No 19) by substituting the word “ partner ” for the words “ de facto partner ” wherever they appear.

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.