This legislation makes provision for contracts made by minors. 2. The Trusts Act 2019 provides three definitions: • an “adult” as a person aged 18 years or over; • a “child” as a person under the age of 18 years; and • the “age of majority” for trusts as 18.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)
Trust definitions and interpretation 1.5 For a full list of definitions used throughout this Order and the interpretation principles, see Chapter 27.
Fifth The project has also highlighted the need for the Māori Land Court to be more proactive in its identification and review of defunct trusts and incorporations due to circumstances such as the death of key trustee or management committee members.
I have advised the owners: (a) That an occupation order may pass by succession; YES NO; and (b) that an occupation order may be for a definite term or until a specified event; YES NO; and (c) of the term for which the order is sought; YES NO 6.
With the focus of the recent review on increased productivity of land, let’s not forget the many trusts and incorporations that already do a great job and are success stories that have been celebrated this weekend.
Whenua Māori held by a Māori land trust 3. Where the title to the land is vested in a Māori land trust (e.g. an Ahu Whenua Trust or a Whānau Trust) the trustees can approve a mortgage against the land subject to any restrictions in the trust order (ss 147 and 150A of the Act)
TERMS OF TRUST ORDER 1. TRUST NAME, TIPUNA AND BENEFICIARIES Trust Name 1.1 The trust created by this Court order shall be known as [INSERT TRUST NAME] ("the Trust").
However, any person included in the trust must consent to their interests being included in the trust.
Documents/Guides-Templates-Factsheets/MOJ0217.7E-SEP21-Succession-Factsheet.pdf (355 kb)
Transferring land to a member of the PCA To transfer your land by gift or sale to a member of the preferred class of alienee (link to definition), you will need to apply for a vesting order.
However, any person included in the trust must consent to their interests being included in the trust.
