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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Appointment, removal, and conditions of members

35: Validity of members’ acts

You could also call this:

"Things done by board members are valid, even if there were problems with their appointment"

Illustration for Reserve Bank of New Zealand Act 2021

You do things as a member of the board and they are valid. This is true even if there was a problem with how you were appointed. It is also true if you are not allowed to be a member or if the reason you were acting had ended.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287057.

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Part 2Reserve Bank of New Zealand
Board of Bank and its members: Appointment, removal, and conditions of members

35Validity of members’ acts

  1. The acts of a person as a member, chairperson, or deputy chairperson of the board are valid even though—

  2. a defect existed in the appointment of the person; or
    1. the person is or was disqualified from being a member; or
      1. the occasion for the person acting, or for their appointment, had not arisen or had ended.

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