Corporations (NZ Closer Economic Relations) and Other Legislation Amendment Act 2007 (85 of 2007)
Schedule 1 Mutual recognition of securities offers
Corporations Act 2001
9 Section 111AI
Repeal the section, substitute:
111AI Debentures
Debentures of a borrower are ED securities if:
(a) section 283AA requires the borrower to appoint a trustee; or
(b) section 283AA does not apply to the borrower only because the offer of the debentures to which section 283AA would otherwise have applied is a recognised offer.
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