Receiverships Act 1993

30C: Surplus may be paid into court

You could also call this:

"When a receiver has extra money, they can pay it to the court if they're unsure who it belongs to."

If you are a receiver, you can pay extra money into court if you are not sure who should get it. This happens when there is a question about who is entitled to the money according to the rules in section 30B(1) or (2). You can only pay the money out of court if you or someone who thinks they should get the money makes an application.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327752.

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30B: Priorities on distribution by receiver of surplus representing proceeds of personal property, or

"How a receiver shares leftover money from selling personal property"

30D: Meaning of surplus and net proceeds, or

"What 'surplus' and 'net proceeds' mean when a receiver sells something to pay off debts"

30CSurplus may be paid into court

A receiver may pay a surplus referred to in section 30A(2) into court if there is a question as to who is entitled to receive payment according to the priorities in section 30B(1) or (2).
The surplus may only be paid out on an application by the receiver or by a person claiming an entitlement to the surplus.

Notes

Section 30C: inserted, on 15 December 2005 (applying to any surplus referred to in this provision that has not been distributed on that date), by section 4 of the Receiverships Amendment Act 2005 (2005 No 112).