23 Sept 2014
Re Auckland Maritime Investment Ltd (in liq) [2014] NZHC 2317
- Citation
- [2014] NZHC 2317
- Court
- High Court
The Court directed that liquidators, after reasonable inquiry, may either (a) if in good faith and on reasonable grounds conclude the Maritime Union list is the statutory register, treat it as the register and distribute to those named using their register addresses (with unclaimed funds paid into the Liquidation Surplus Account under s316), or (b) if not so satisfied, assume 932 class A shareholders exist and distribute to those identifiable at time of distribution pro rata as if all 932 entitled, without further obligation to trace unidentified shareholders; liquidators are not exempted fro…