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Local Government Act 1974

Infrastructure Auckland - America's Cup

707ZZZK: Power to dispose of shares

You could also call this:

"Councils can no longer sell their shares, this law was cancelled in 2004."

Illustration for Local Government Act 1974

The law used to say that you had the power to get rid of shares, but this part of the law is no longer valid. It was repealed on 1 July 2004 by section 48(1)(a) of the Local Government (Auckland) Amendment Act 2004. You can find more information about this change in the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM424895.

Topics:
Government and voting > Local councils
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707ZZZJ: Obligation to report annually on assets, or

"Councils must report each year on what they own"

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707ZZZL: Dissolution of Auckland Regional Services Trust, or

"Auckland Regional Services Trust was closed down in 2004"

Part 44CInfrastructure Auckland
America's Cup

707ZZZKPower to dispose of shares (Repealed)

    Notes
    • Section 707ZZZK: repealed, on , by section 48(1)(a) of the Local Government (Auckland) Amendment Act 2004 (2004 No 57).