Part 6 — Management and Administration Division 1 Membership
131 Division 6 Auditors Appointment of auditors
of the company who shall hold office until the close of the first
annual meeting, unless previously removed under subsection (4).
(2) The company at each annual meeting shall appoint one or more
auditors to hold office until the close of the next annual meeting
RSA 2000
and, if any appointment is not so made, the auditor in office shall
continue in office until a successor is appointed.
(3) The directors may fill any casual vacancy in the office of
auditor, but while the vacancy continues the surviving or
continuing auditor, if any, may act.
(4) The shareholders, by special resolution, may remove any
auditor before the expiration of the auditor's term of office, and
shall by a majority of the votes cast at the meeting at which the
resolution is passed appoint another auditor in his or her stead for
the remainder of his or her term.
(5) The remuneration of an auditor appointed by the shareholders
shall be fixed by the shareholders or by the directors if the articles
so provide, and the remuneration of an auditor appointed by the
directors shall be fixed by the directors.
(6) If for any reason no auditor is appointed, the Court may, on the
application of any shareholder, appoint one or more auditors to
hold office until the close of the next annual meeting and fix the
remuneration to be paid by the company for their services.
RSA 1980 cC-20 s131