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Companies Act 1993

Voluntary administration - Notices about steps taken under this Part

239ADX: Secured creditor who appoints administrator must give notice to company

You could also call this:

“Secured creditor must promptly notify company when appointing administrator”

If you’re a secured creditor and you appoint an administrator to a company under section 239K, you need to tell the company about it in writing. You should do this as soon as you can. At the very latest, you must let the company know by the end of the next working day after you appoint the administrator.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321637.

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Part 15A Voluntary administration
Notices about steps taken under this Part

239ADXSecured creditor who appoints administrator must give notice to company

  1. A secured creditor who appoints an administrator under section 239K must give written notice of the appointment to the company as soon as practicable and in any event before the end of the next working day.

Compare
  • Corporations Act 2001 s 450A(2) (Aust)
Notes
  • Section 239ADX: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).