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A trustee who is responsible for the administration of the trust, whether or not
the trust property is vested in that trustee.
10. Money that is derived from assets held and earnings (such as rent and interest)
but not ‘purchase money’ (land converted into money).
Beneficiaries are also called the
beneficial owners.
10. The authority given by an owner of an interest in land to another person to vote
on their behalf.
Assignment of rights and obligations, or to divide up and share out.
10. (Impediment) Like for example-mortgage, lease, caveat, easement or other
charges.
11.
APPLICATIONS
Te Kooti Whenua Māori – Māori Land Court
For more information, go to maorilandcourt. govt. nz
Te Kooti Whenua Māori – Māori Land Court (MLC) is the
New Zealand Court that hears matters relating to Māori
land.
This duty does not extend to any benefit the Trustee may receive
as a Beneficiary, directly or indirectly, from the exercise of their own power.
1.4 Each Trustee must consider actively and regularly whether the Trustee should be
exercising 1 or more of the Trustee’s powers.
1.5 Each Trustee must not bind or commit Trustees to a future exercise or non-exercise of a
discretion.
1.6 A Trustee must avoid a conflict between the interests of the Trustee and the interests of
the Benef...