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Māori
land is deemed to be held “in common”
unless otherwise determined by the Court.
5
4
instance, they may own block a and also
have an interest in block B.
To transfer Māori incorporation shares,
the transferor (the person transferring
the shares) must file a transfer of shares
form (form 5 of the Māori Incorporations
Regulations 1994) with the secretary of
the Māori incorporation.
Types of trusts
Under Part 12 of Te Ture Whenua Māori Act 1993, there
are 5 types of trusts.
• Ahu whenua trust
This is the most common Māori land trust.
An administrative structure similar to a company for managing Māori land vested
in it by the Māori Land Court.
5. An order of the court that vests land interests in someone other than the existing
owner(s), therefore affecting the ownership.
6.
Land (other than Māori customary land and Crown land reserved for Māori)
that has not been alienated from the Crown for a subsisting estate in fee simple.
5. A person who has not yet reached the age of 20 years.
6.
The minimum number
of trustees for a reservation is two people (unless the trustee
is a body corporate6, such as a Māori trust board or a Māori
incorporation).
5. A subtribe or kin group that is linked by a common ancestor.
6.
Termination
(a) Unless terminated earlier in accordance with the provisions of this clause, the
Occupation Order will end on the Expiry Date.
(b) Failure by the Occupier to comply with clauses 4(a), 5(a), and 9 constitutes a
material breach of these terms.