Part 5Removal from register, amalgamation, liquidation, and other processes
Removal from register: Restoration to register
188Court may order restoration of society
A court may, on the application of a person referred to in subsection (2), order that a society be restored to the register if it is satisfied that,—
- at the time the society was removed from the register,—
- the society was still operating or another reason existed for the society to continue in existence; or
- the society was a party to a legal proceeding; or
- the society was in receivership or liquidation, or both; or
- the applicant was a creditor or another person who had an undischarged claim against the society; or
- the applicant believed that there existed, and intended to pursue, a right of action on behalf of the society under Part 4; or
- the society was still operating or another reason existed for the society to continue in existence; or
- for any other reason it is just and equitable to restore the society to the register.
The following persons may apply:
- any person who is prescribed by the regulations:
- the Registrar:
- with the leave of the court, any other person.
Compare
- 1993 No 105 s 329


