When a valuer is involved, they have to make a list of all the people or groups who are owed money by a company, or who own a part of it, before any big decisions are made. You need to know that this list includes everyone the valuer is aware of who lent money or owns a share. The valuer must also try to find out the address of each of these people or groups, which could be a postal address or an email address.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
This page was last updated on
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS550631.
371: Valuer must act in manner prescribed by regulations, or
"Valuers must follow the rules when doing their job"
373: Valuer must determine compensation by reference to difference between liquidation value and resolution value, or
"Valuer works out fair compensation by comparing what you got to what you would have got if the company was closed down."
A valuer must prepare a list of every known pre-resolution creditor or pre-resolution shareholder of the affected entity and, if known, each creditor’s or shareholder’s address for communications (which may be an electronic address).
