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Incorporated Societies Act 2022

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

219: Extent of inquiries that must be made

You could also call this:

"What you need to find out when a society closes down"

Illustration for Incorporated Societies Act 2022

When a society is removed from the register, you need to find out which not-for-profit entity or entities will get the society's surplus assets. You only have to make reasonable inquiries to identify these entities, as required under section 216(1)(a) or (b). This means you do not have to do an exhaustive search, just what is reasonably expected of you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS254746.

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

219Extent of inquiries that must be made

  1. The relevant person is only required to make reasonable inquiries for the purpose of identifying the not-for-profit entity or entities to which the surplus assets of the society must be disposed of under section 216(1)(a) or (b).