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Companies Act 1993

Voluntary administration - Effect of appointment of administrator

239W: Administrator is company's agent

You could also call this:

“The administrator acts on behalf of a company in voluntary administration”

When a company is in voluntary administration, it has an administrator. This administrator acts on behalf of the company. When the administrator does tasks or makes decisions for the company, they are doing so as the company’s representative. This means that the administrator’s actions are considered to be the company’s actions. You can think of the administrator as someone who steps in to manage the company during this special time.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321518.

Topics:
Business > Industry rules
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239V: Administrator's powers, or

“What an administrator can do when managing a company in voluntary administration”

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239X: Effect on directors, or

“Directors' powers are restricted while a company is under administration”

Part 15A Voluntary administration
Effect of appointment of administrator

239WAdministrator is company's agent

  1. The administrator of a company, when performing a function or exercising a power in that capacity, is the company's agent.

Compare
  • Corporations Act 2001 s 437B (Aust)
Notes
  • Section 239W: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).