When you are a receiver selling property, you have a duty to certain people. You must try to get the best price you can for the property at the time of sale. This duty is to the person who gave you the power to sell the property, people who have an interest in the property, people who are owed money by the person who gave you the power, and people who have guaranteed the debts of the person who gave you the power.
You have to consider what is best for all these people when you sell the property. You must act fairly and try to get a good price for the property. This will help make sure everyone's interests are protected.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327726.
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A receiver who exercises a power of sale of property in receivership owes a duty to—
