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Companies Act 1993

Liquidations - Appointment and supervision of liquidators

281: Validity of acts of liquidators

You could also call this:

“Liquidator actions remain valid even if appointment rules aren't fully met”

If someone acts as a liquidator, their actions are still valid even if they don’t meet all the requirements. This means that even if they don’t follow the rules in section 280(1) or don’t confirm the things they’re supposed to in section 282(1)(b), what they do as a liquidator still counts. This rule helps to make sure that the work of liquidators isn’t undone just because of a mistake in following the rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321955.

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Part 16 Liquidations
Appointment and supervision of liquidators

281Validity of acts of liquidators

  1. The acts of a person as a liquidator are valid even though that person does not meet the requirements of section 280(1) or fails to certify the matters set out in section 282(1)(b).

Notes
  • Section 281: amended, on , by section 47 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).