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Partnership Law Act 2019

Relationship of partners to third persons and to each other - Relationship of partners to third persons

34A: COVID-19 business debt hibernation may apply

You could also call this:

“Special COVID-19 debt rules for businesses have ended”

The COVID-19 business debt hibernation rule for partnerships no longer applies. This rule was part of the Partnership Law Act 2019, but it was removed on 31 May 2022. This means that any special arrangements for dealing with business debts during the COVID-19 pandemic are no longer in effect for partnerships.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS350772.

Topics:
Business > Industry rules Money and consumer rights > Banking and loans
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34: Continuing guarantee revoked by change in firm, or

"A promise to back a business ends if the business owners change"

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35: Partners’ rights and duties may be varied by consent, or

"Partners can change their rights and duties if everyone agrees"

Part 3 Relationship of partners to third persons and to each other
Relationship of partners to third persons

34ACOVID-19 business debt hibernation may apply (Repealed)

    Notes
    • Section 34A: repealed, on the close of , by section 34A(2).