MLC incorporations english
Minimum shareholding The Māori incorporation may decide to set a minimum shareholding.
Minimum shareholding The Māori incorporation may decide to set a minimum shareholding.
Minimum shareholding The Māori incorporation may decide to set a minimum shareholding.
Documents/Guides-Templates-Factsheets/MLC-incorporations-english.pdf (856 kb)
The shareholders’ former interest in a particular block is converted to an interest of equivalent total value in the aggregation.
Documents/Guides-Templates-Factsheets/MLC-title-improvement-english.pdf (385 kb)
The shareholders’ former interest in a particular block is converted to an interest of equivalent total value in the aggregation.
MINIMUM SHAREHOLDING The Māori incorporation may decide to set a minimum shareholding.
Documents/Guides-Templates-Factsheets/MOJ0217.8E-SEP21-Maori-Incorporations-Factsheet.pdf (370 kb)
If it does, the resulting block will be Māori land. SHARE AMALGAMATION The calculation of the shareholding in the amalgamated block is based on the value of the shares of the owners in the former blocks.
Documents/Guides-Templates-Factsheets/MOJ0217.5E-OCT21-Title-Improvement.pdf (357 kb)
There are shareholdings in that block fractionated down to 4,000ths.
Shareholders in the aggregated list will become shareholders in all land blocks included in the aggregation, so the value of shares in each pre-aggregated block is important.
By this means, there is an equitable integration of utilisation of the block with the respective shareholdings of the estate’s beneficiaries and the other owners.
Share registers The Māori incorporation is required to establish a share register, an official record of the shareholders. The share register must list the shareholders’ names and addresses and the shares held by each shareholder.
Documents/Guides-Templates-Factsheets/MLC-transferring-maori-land-shares-english.pdf (333 kb)