New Zealand Legislation: Acts

17D Power of liquidator to enforce liabilities

• The liquidator may, by notice in writing, require any person who is liable to pay or contribute to the payment of

  • (a) Any debt or liability of the association; or

  • (b) Any sum for the adjustment of the rights of the members among themselves; or

  • (c) The costs and expenses of the liquidation

  to pay or contribute accordingly and every such person is liable to pay or contribute the amount due in respect of that liability.

  Sections 17A to 17E were inserted, as from 1 July 1994, by section 2 Judicature Amendment Act 1993 (1993 No 117).