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Companies Act 1993

Voluntary administration - Notices about steps taken under this Part

239AED: Effect of contravention of this subpart

You could also call this:

“Breaking voluntary administration rules doesn't usually invalidate actions, but courts can decide otherwise”

If someone breaks the rules in this part of the law about voluntary administration, it doesn’t usually make the things that were done or not done invalid. However, a court can decide to change this if they think it’s necessary. This means that even if someone doesn’t follow all the rules, the actions taken during voluntary administration can still be valid and have effect, unless a court says otherwise.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321643.

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239AEE: Effect of things done during administration of company, or

“Legal validity of actions taken during company administration”

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

239AEDEffect of contravention of this subpart

  1. A contravention of this subpart does not affect the validity of anything done or omitted under this Part, except so far as the court orders otherwise.

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