Plain language law

New Zealand law explained for everyone

Companies Act 1993

Voluntary administration - Deed administrator

239ACG: Appointment of 2 or more deed administrators

You could also call this:

“Multiple people can be appointed as deed administrators and work together or separately”

When the law says a deed administrator should be appointed, you can actually have two or more people take on this role together. If multiple people are appointed as deed administrators, they can work in different ways. One of them can do a task alone, or they can work together. However, the document that appoints them might set specific rules about how they should work. When the law talks about ‘a deed administrator’ or ‘the deed administrator’, it can mean any one of these people or all of them, depending on the situation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321588.

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239ACF: Appointment of deed administrator must not be revoked, or

“You can't remove a deed administrator once they're appointed”

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239ACH: When office of deed administrator vacant, or

“How a deed administrator's position becomes vacant”

Part 15A Voluntary administration
Deed administrator

239ACGAppointment of 2 or more deed administrators

  1. Two or more persons may be appointed deed administrators in any case where this Act provides for the appointment of a deed administrator.

  2. If 2 or more persons are appointed deed administrators jointly,—

  3. a deed administrator's function or power may be performed or exercised by any one of them, or by any 2 or more of them together, except so far as the order, instrument, or resolution appointing them provides otherwise; and
    1. a reference in this Act to a deed administrator or the deed administrator refers to whichever 1 or more of the deed administrators the case requires.

      Compare
      • Corporations Act 2001 s 451B (Aust)
      Notes
      • Section 239ACG: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).