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Deposit Takers Act 2023

Crisis management and resolution - No creditor or shareholder worse off - Appointment of valuer

399: Valuer may resign

You could also call this:

"A valuer can quit their job by sending a written notice to the Minister."

Illustration for Deposit Takers Act 2023

If you are a valuer, you can resign from your job by giving the Minister a written notice. You do this to officially tell them you want to stop being a valuer. The Minister will then know that you are resigning from your position as a valuer, and you can find more information about this by looking at the Deposit Takers Act 2023 and similar laws like the one from 1989 No 157 s 141(2).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS550662.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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398: Minister may terminate appointment of valuer, or

"The Minister can fire a valuer if they're not doing their job properly."

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400: Valuer continues in office, or

"A valuer keeps working until a new one is appointed or the Minister says to stop."

Part 7Crisis management and resolution
No creditor or shareholder worse off: Appointment of valuer

399Valuer may resign

  1. A valuer may resign office by giving written notice to the Minister.

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