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Receiverships Act 1993

14: Powers of receivers

You could also call this:

"What a receiver is allowed to do with someone else's property"

Illustration for Receiverships Act 1993

When you are a receiver, you have the powers given to you by the deed, agreement, or court order that appointed you. You can do things like demand and recover income from the property, issue receipts for the income, and manage the property. You can also insure the property, repair and maintain it, and inspect books or documents related to the property at a reasonable time.

You have the right to inspect books or documents that relate to the property, even if they are in someone else's possession. In some cases, if you are appointed to manage most of a company's assets, you can change the company's registered office or address. Your powers are subject to the deed, agreement, or court order that appointed you, so you must follow what it says.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327720.

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"Signing documents on someone else's behalf as a receiver"

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14Powers of receivers

  1. A receiver has the powers and authorities expressly or impliedly conferred by the deed or agreement or the order of the court by or under which the appointment was made.

  2. Subject to the deed or agreement or the order of the court by or under which the appointment was made, a receiver may—

  3. demand and recover, by action or otherwise, income of the property in receivership:
    1. issue receipts for income recovered:
      1. manage the property in receivership:
        1. insure the property in receivership:
          1. repair and maintain the property in receivership:
            1. inspect at any reasonable time books or documents that relate to the property in receivership and that are in the possession or under the control of the grantor:
              1. exercise, on behalf of the grantor, a right to inspect books or documents that relate to the property in receivership and that are in the possession or under the control of a person other than the grantor:
                1. in a case where the receiver is appointed in respect of all or substantially all of the assets and undertaking of a grantor that is a body corporate, change the registered office or address for service of the body corporate.