If more than one person is chosen to be a liquidator for a company, they must work together. This means they have to make decisions and do their job as a team. However, there are some cases where they might be allowed to work separately. This can happen if the company's shareholders vote for it in a special way, if the company's board decides it, or if a court says it's okay. In these situations, the liquidators might be able to use their powers on their own, without having to agree with the others every time.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321683.
Where 2 or more persons are appointed as liquidators of a company, those persons must act jointly unless the special resolution of shareholders or the resolution of the board of the company or the order of the court appointing the liquidators states that the liquidators may exercise their powers individually.
