Plain language law

New Zealand law explained for everyone

Receiverships Act 1993

7: Extent of power to appoint receiver

You could also call this:

"Who can be appointed as a receiver and how they can work together"

Illustration for Receiverships Act 1993

When you are given the power to appoint a receiver through a deed or an agreement, this power includes the ability to appoint more than one receiver. You can appoint two or more receivers to work together, or you can appoint a new receiver to join one or more receivers who are already in office. You can also appoint a receiver to take the place of one whose position has become empty, unless the deed or agreement says something different.

If two or more receivers are appointed, they can work together or make decisions on their own, as long as they have the same powers. However, if the deed, agreement, or court order that appointed them says otherwise, they must follow those instructions.

You need to follow what the deed or agreement says about how the receivers can work together or make decisions, and make sure you understand their powers and any limitations on those powers.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327713.

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6A: What receiver must do before appointment, or

"Steps a receiver must take before being officially chosen for the job"

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8: Notice of appointment, or

"Telling people you're in charge of someone's property as a receiver"

7Extent of power to appoint receiver

  1. A power conferred by a deed or an agreement to appoint a receiver includes the power to appoint—

  2. 2 or more receivers:
    1. a receiver additional to 1 or more presently in office:
      1. a receiver to succeed a receiver whose office has become vacant—
          1. unless the deed or agreement expressly provides otherwise.

        1. Two or more receivers may act jointly or severally to the extent that they have the same powers unless the deed or agreement under which, or the order of the court by which, they are appointed expressly provides otherwise.