Plain language law

New Zealand law explained for everyone

Plain Language Law homepage
162: Indemnity and insurance
or “Rules for protecting and insuring company directors and employees”

You could also call this:

“Explaining who counts as a shareholder or entitled person under this law”

In this part of the law, when you see the words “entitled person,” “former shareholder,” or “shareholder,” they mean more than just the actual person. These terms also include people who represent them, like someone who manages their affairs. They also include people who got the shares because of something that happened by law, not because they bought them. This applies unless the context of the law says it should mean something different.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.


Next up: 164: Injunctions

or “Court can stop companies or directors from breaking rules”

Part 9 Enforcement

163Interpretation

  1. In this Part, unless the context otherwise requires, the terms entitled person, former shareholder, and shareholder include a reference to a personal representative of an entitled person, former shareholder, or shareholder and a person to whom shares of any of those persons have passed by operation of law.