Companies Act 1993

Removal from the New Zealand register

326: Liability of directors, shareholders, and others to continue

You could also call this:

“Responsibility continues for company-related actions even after removal from register”

If a company is removed from the New Zealand register, it doesn’t mean that people who were involved with the company are off the hook. If you were a director, shareholder, or anyone else connected to the company, you’re still responsible for things that happened before the company was removed. This includes any actions you took or didn’t take. Your responsibilities don’t go away just because the company is no longer on the register. People can still hold you accountable for these things, just as if the company was still registered.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM322853.

Topics:
Business > Industry rules
Business > Fair trading

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325: Disclaimer of property by the Crown, or

“How the government can refuse unwanted property from removed companies”


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327: Liquidation of company removed from New Zealand register, or

“This section about liquidating removed companies no longer applies”

Part 17 Removal from the New Zealand register

326Liability of directors, shareholders, and others to continue

  1. The removal of a company from the New Zealand register does not affect the liability of any former director or shareholder of the company or any other person in respect of any act or omission that took place before the company was removed from the register and that liability continues and may be enforced as if the company had not been removed from the register.