This part of the law has been removed. It used to talk about what happens when a company makes a transaction that can be cancelled. The rule was taken out of the Companies Act 1993 on 5 December 2013. This means it no longer applies, and you can’t use it anymore.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM322821.
316: Establishment of Liquidation Surplus Account, or
“Setting up a special account for leftover money from closed companies”
316B: Transitional provision in relation to Liquidation Surplus Account under section 290 of Companies Act 1955, or
“Rules for handling unclaimed money from closed companies after law change”
