Distributions | Practical Law

Distributions | Practical Law

This note outlines the key issues relating to distributions from companies to their shareholders under the Companies Act 1993. It covers the meaning of "distribution", dividends, the solvency test to be applied to determine whether the company may make a distribution and when a distribution may be recovered.

Distributions

Practical Law ANZ Practice Note w-020-2112 (Approx. 13 pages)

Distributions

by Matthew Berkahn and Lindsay Trotman, Associate Professors of Law, Massey Business School, Massey University with assistance from Practical Law New Zealand
Law stated as at 14 Dec 2022 • New Zealand
This note outlines the key issues relating to distributions from companies to their shareholders under the Companies Act 1993. It covers the meaning of "distribution", dividends, the solvency test to be applied to determine whether the company may make a distribution and when a distribution may be recovered.