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Limited Partnerships Act 2008

General - Terminating events, liquidation, and deregistration

89: Court may appoint liquidator

You could also call this:

"The Court can choose someone to help sort out a limited partnership's money problems."

Illustration for Limited Partnerships Act 2008

You can ask the Court to appoint a liquidator to a limited partnership. The Court can choose a person or the Official Assignee for a district to be the liquidator. You can make this application if you are a general partner, a limited partner, a creditor, or the Registrar. If the limited partnership is involved in financial markets, the Financial Markets Authority can also make this application, as explained in section 4 of the Financial Markets Authority Act 2011.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139253.

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"What happens to a limited partnership when it ends and a liquidator is chosen"

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90: Grounds for Court appointment of liquidator, or

"When can a court choose someone to close down a limited partnership?"

Part 2General
Terminating events, liquidation, and deregistration

89Court may appoint liquidator

  1. On the application of a person listed in subsection (2), the Court may appoint a liquidator to the limited partnership who may be a named person or the Official Assignee for a named district.

  2. Any of the following persons may apply:

  3. a general partner:
    1. a limited partner:
      1. a creditor:
        1. the Registrar:
          1. in the case of a limited partnership that is a financial markets participant (within the meaning of section 4 of the Financial Markets Authority Act 2011, the Financial Markets Authority.

            Notes
            • Section 89(2)(e): added, on , by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).