The legal ownership of property and the legal evidence of a person’s ownership
rights.
2. A person who receives, as of right, a share of a deceased person’s estate.
3.
(b) To avoid doubt, succession to this occupation order does not alter, vary or
change any of the terms or conditions set out in this Schedule, including the
duration of this occupation order.
(c) Any successor to this occupation order is bound by and must comply with the
terms and conditions set out in this Schedule.
10
THIRD SCHEDULE
Defined Terms
(a) Act: Te Ture Whenua Māori Act 1993, as amended or replaced from time to
time.
All withdrawals on the Trust’s bank account must be signed
or authorised by two (2) Trustees.
Reports and accounts
The Trustees must:
(a) keep proper annual accounts;
(b) if the gross annual income of the Trust is greater than $10,000, arrange for the
annual accounts to be prepared by a chartered accountant;
(c) at each general meeting of the Beneficiaries, produce reports and accounts for
each year in respect of which they have not earlier presented reports and
accoun...