Plain language law

New Zealand law explained for everyone

Incorporated Societies Act 2022

Removal from register, amalgamation, liquidation, and other processes - Other matters relating to removal or liquidation of society

221: Directions to facilitate liquidation or removal of society

You could also call this:

"Registrar's directions to help close or remove a society"

Illustration for Incorporated Societies Act 2022

The Registrar can give directions to help with liquidating or removing a society. You need to know the Registrar has the power to make decisions about the society's assets. The Registrar can give directions to help pay the society's debts and distribute any leftover assets. The Registrar can also give directions to help someone carry out their duties. This includes giving someone the power to do what is necessary to complete the liquidation or removal process. The Registrar's directions can help with paying costs, debts, and liabilities. The Registrar's directions are important for facilitating the distribution of the society's surplus assets. You can find more information about the Registrar's powers in section 215(1)(a), 216, or 224. The Registrar's directions can help with the overall process of liquidating or removing a society.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS101112.

This page was last updated on — View changes

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
Previous

220: Other provisions relating to person authorised by Registrar, or

"Protection for people doing a special job for the Registrar"

Next

222: Direction to defer disposal of surplus assets, or

"Waiting before getting rid of surplus assets when a society is removed"

Part 5Removal from register, amalgamation, liquidation, and other processes
Other matters relating to removal or liquidation of society

221Directions to facilitate liquidation or removal of society

  1. The Registrar may give 1 or more of the following directions:

  2. a direction vesting all or any of the assets of the society without transfer, conveyance, or assignment in 1 or more persons who are specified in the direction (subject to all charges, encumbrances, estates, and interests affecting the assets):
    1. if anything remains to be done to complete any matters outstanding on the liquidation or removal of the society or to provide for the payment of the costs, debts, and liabilities of the society, the directions that are necessary or desirable to provide for the completion and payment:
      1. a direction that is otherwise necessary or desirable to facilitate the distribution of the society’s surplus assets (if any):
        1. a direction conferring on a person the powers that are necessary or desirable to enable the person to carry out the functions and duties imposed on the person by a direction given under section 215(1)(a), 216, or 224 or this section.