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Companies Act 1993

Voluntary administration - Interface with liquidation

239ABU: When liquidator may be appointed to company in administration

You could also call this:

“How a company in administration can get a liquidator”

You can appoint a liquidator to a company that is in administration in two ways. First, the court can appoint a liquidator if someone applies for it under section 241(2)(c). Second, the creditors can decide to appoint a liquidator by voting on it. They can do this at the watershed meeting or at a special meeting called to think about ending the deed of company arrangement under section 239ADF.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321575.

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Part 15A Voluntary administration
Interface with liquidation

239ABUWhen liquidator may be appointed to company in administration

  1. A liquidator may be appointed to a company in administration—

  2. by the court, on an application for the appointment of a liquidator under section 241(2)(c); or
    1. by resolution of the creditors at the watershed meeting or at a meeting convened under section 239ADF to consider the termination of the deed of company arrangement.

      Notes
      • Section 239ABU: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).