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Companies Act 1993

Voluntary administration - Deed administrator

239ACC: Who is deed administrator

You could also call this:

“The deed administrator manages a company's arrangement and is usually the same as the administrator”

When a company is in voluntary administration, the person who manages the deed of company arrangement is called the deed administrator. Usually, the deed administrator is the same person who was the administrator of the company. However, the creditors can choose to appoint someone else as the deed administrator if they want to. They can make this decision at a special meeting called the watershed meeting.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321584.

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239ACB: Voidable transactions and voidable dispositions, or

“Rules about undoing certain company transactions may not apply during administration”

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239ACD: Who may be appointed as deed administrator, or

“Requirements for becoming a deed administrator for a company”

Part 15A Voluntary administration
Deed administrator

239ACCWho is deed administrator

  1. The administrator of the company is the deed administrator, unless the creditors at the watershed meeting by resolution appoint someone else to be the deed administrator.

Compare
  • Corporations Act 2001 s 444A(2) (Aust)
Notes
  • Section 239ACC: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).