64
In forceEffect of winding up etc of corporate attorney
Chapter 4Operation of powers of attorney
Part 4.5If attorneys do not comply with Act
64 Effect of winding up etc of corporate attorney
(1)
This section applies if—
(a)
an attorney under a power of attorney is a corporation; and
(b)
either—
(i)
the attorney has been, or is being, wound up; or
(ii)
a liquidator is appointed for the attorney.
(2)
The power of attorney is revoked to the extent that it gives power to the attorney.
(3)
In this section:
liquidator, of an attorney, includes—
(a)
the official manager of the attorney; or
(b)
the receiver of the attorney’s property; or
(c)
the receiver and manager of the attorney’s property; or
(d)
the managing controller of the attorney’s property.
This Act’s bill:Explanatory statementSecond reading speech
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