Plain language law

New Zealand law explained for everyone

Plain Language Law homepage
280: Who may be appointed as liquidator
or “Rules for who can and cannot be appointed as a company liquidator”

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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.


Next up: 282: What liquidator must do before appointment

or “Confirm eligibility and agree to be a company liquidator”

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).