23 Jul 2019
THE OFFICIAL ASSIGNEE v ASB BANK LTD [2019] NZHC 1736
- Citation
- [2019] 3 NZLR 585
- Court
- High Court
When a bankrupt directs payments into a third-party bank account and lacks signing authority, those transactions relate to the bankrupt's property, conduct or dealings for the purposes of s171; a bank receiving a valid s171 notice must deliver account statements that record the payments and subsequent statements until those payments are disbursed, but is not required to deliver documents identifying the third-party account holder or internal notes unrelated to the bankrupt; s171 notices should set out succinct grounds enabling the bank to form a reasonable belief the material is required for…