Part 15 Approval of arrangements, amalgamations, and compromises by court

235 Interpretation

In this Part, unless the context otherwise requires,—

arrangement includes a reorganisation of the share capital of a company by the consolidation of shares of different classes, or by the division of shares into shares of different classes, or by both those methods

company means—

(a)

a company within the meaning of section 2:

(b)

an overseas company that is registered on the overseas register:

(c)

an association:

(d)

any other body corporate to which this Part applies under any enactment.

creditor includes—

(a)

a person who, in a liquidation, would be entitled to claim in accordance with section 303 that a debt is owing to that person by the company; and

(b)

a secured creditor

shareholder includes, in relation to an association, members of the association or persons that the court determines as being justly entitled to surplus assets of the association after the satisfaction of the claims of all of the creditors.

Section 235 company paragraph (c): amended, on 1 March 2017, by section 5(1) of the Companies Amendment Act 2016 (2016 No 57).

Section 235 company paragraph (d): inserted, on 1 March 2017, by section 5(2) of the Companies Amendment Act 2016 (2016 No 57).

Section 235 creditor: replaced, on 1 July 1994, by section 29 of the Companies Act 1993 Amendment Act 1994 (1994 No 6).

Section 235 shareholder: inserted, on 1 March 2017, by section 5(3) of the Companies Amendment Act 2016 (2016 No 57).