Version as at 1 July 2024 (2) (3) Crown Entities Act 2004 Part 2 s 84 However, despite subsection (1)(a), a Minister may dispose of shares— (a) as part of a reconstruction or merger in which the Crown’s interest in the shares of the company is not diluted; or (b) if an Act authorises the transfer of ownership of shares of a Crown entity company. Subsection (1) does not apply to redeemable preference shares that— (a) are not convertible into shares of any other class; and (b) do not confer any rights to vote at any general meeting of the company. Compare: 1986 No 124 s 11 81 Crown entity company must have constitution stating it is Crown entity A Crown entity company must have a constitution, and the constitution must contain a statement to the effect that the company is a Crown entity for the purposes of this Act. 82 Constitution must be presented to House of Representatives A shareholding Minister of a Crown entity company must present the constitu‐ tion of the company, and any changes to the constitution and any replacement constitution, to the House of Representatives as soon as practicable after the date on which the company becomes a Crown entity company, or the date of the change or replacement, whichever is applicable. 83 Shares to be held by person holding office as Minister (1) Shares in a Crown entity company held in the name of a person described as a Minister are to be held by the person for the time being holding the office of that Minister. (2) It is not necessary to complete or register a transfer of shares in a Crown entity company held in the name of a person described as a Minister upon a change in the person holding that office. (3) Subsection (2) applies despite any other enactment or rule of law. 84 Appointment of representative of shareholding Minister (1) A shareholding Minister of a Crown entity company may, by written notice to a Crown entity company, authorise (on the terms specified in the notice) a person to act as the shareholding Minister’s representative at any or all of the meetings of shareholders of the company or of any class of those shareholders. (2) Any person authorised under subsection (1) is entitled to exercise the same powers on behalf of the shareholding Minister as the shareholding Minister could exercise if present in person at the meeting or meetings. (3) This section applies despite any other enactment or rule of law. 43