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Companies Act 1993

Voluntary administration - Execution and effect of deed of company arrangement

239ACM: When this subpart applies

You could also call this:

“This section explains when the rules for company arrangements decided by creditors apply”

This part of the law applies when the people who are owed money by a company (called creditors) have a special meeting. At this meeting, they decide that the company should make an agreement. This agreement is called a deed of company arrangement. The meeting where this decision is made is known as the watershed meeting. Once the creditors make this decision, the rules in this part of the law start to apply.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321595.

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“Deed administrator can sell company shares with consent or court approval”

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239ACN: Preparation and contents of deed, or

“Rules for creating a document that sets out how a company in voluntary administration will pay its debts”

Part 15A Voluntary administration
Execution and effect of deed of company arrangement

239ACMWhen this subpart applies

  1. This subpart applies when the creditors, at the watershed meeting, have resolved that the company execute a deed of company arrangement.

Compare
  • Corporations Act 2001 s 444A(1) (Aust)
Notes
  • Section 239ACM: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).