New Zealand Acts

CONTRACT AND COMMERCIAL LAW ACT 2017 - SECT 9

9 Interpretation

1 In this Part, unless the context otherwise requires,—  
"court" —  

a) means, in relation to any matter, the court, tribunal, or arbitral tribunal by or before which the matter falls to be determined; but

b) in subpart 6 , has the meaning set out in section 85

"disposition" means—

a) a conveyance, transfer, assignment, settlement, delivery, payment, or other alienation of property, whether at law or in equity:

b) the creation of a trust:

c) the grant or creation of any lease, mortgage, charge, servitude, licence, power, or other right, estate, or interest in or over any property, whether at law or in equity:

d) the release, discharge, surrender, forfeiture, or abandonment, at law or in equity, of any debt, contract, or thing in action, or of any right, power, estate, or interest in or over any property:

e) the exercise of a general power of appointment in favour of any person other than the donee of the power:

f) a transaction that a person enters into with intent to diminish, directly or indirectly, the value of the person’s own estate and to increase the value of the estate of any other person.

2 For the purpose of paragraph (d) of the definition of disposition, a debt, contract, or thing in action, or a right, power, estate, or interest in or over any property, must be treated as having been released or surrendered when it has become irrecoverable or unenforceable through the lapse of time.

Note: 1944 No 20 s 2 ; 1970 No 129 ss 2, 6(2) ; 1977 No 54 ss 2, 8(3) ; 1979 No 11 s 2 ; 1982 No 132 s 2