Re Day-Nite Carriers Ltd (in liquidation) - [1975] 1 NZLR 172

Company law — Directors — Liabilities — Carrying on business of the company with intent to "defraud" - Must be actual dishonesty — Companies Act 1955, s 320 - Misfeasance — Must be breach of trust or duty — No liabilities for errors of judgment — Companies Act 1955, s 321 - Director seeking relief must show that he acted honestly and reasonably and that he ought fairly to be excused — Companies Act 1955, s 468.