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Incorporated Societies Act 2022

Removal from register, amalgamation, liquidation, and other processes - Liquidation - Members may resolve to put society into liquidation

208: Members may resolve to put society into liquidation

You could also call this:

"A society can be closed down if its members agree to appoint a liquidator."

Illustration for Incorporated Societies Act 2022

You can put a society into liquidation if the society makes a decision to appoint a liquidator under subpart 6. This decision is called a resolution. The society must follow the rules in subpart 6 to make this decision.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS101104.

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Topics:
Business > Industry rules
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207: Compromises with creditors, or

"Making deals with people your society owes money to"

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209: Application of Companies Act 1993 where members resolve to put society into liquidation, or

"What happens when a society is closed down and some company rules apply"

Part 5Removal from register, amalgamation, liquidation, and other processes
Liquidation: Members may resolve to put society into liquidation

208Members may resolve to put society into liquidation

  1. A society may be put into liquidation if the society passes a resolution appointing a liquidator under subpart 6.