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COMBINED PARTITION
An owner or group of owners may benefit by combining their
interests, held in two neighbouring blocks, into one block. For
instance, they may own block A and also have an interest in
block B.
Description
Date
Māori Land Blocks in New Zealand - National List
23/09/2024
Māori Land Blocks in New Zealand – National List
19/05/2023
Māori Land Blocks in New Zealand - National List
19/07/2022
Māori Land Blocks in New Zealand - National List
08/10/2021
Māori Land Blocks in New Zealand - National List
30/06/2018
Māori Land Blocks in New Zealand - National List
30/06/2017
Māori Land Blocks in New Zealand – National List
30/...
Former land owners become shareholders in the Incorporation rather than
owners in the land. Māori incorporations are designed to manage whole blocks of land and
are the most commercial of all Māori land management structures.
This is important because
there are numerous examples of Māori land trusts and incorporations that have
flourished under the Act, which invites the questions: why have some Māori land
blocks succeeded and others have not?
Kaporeihana whenua
Incorporation
Unlike trusts, a Māori incorporation is structured like a company and is governed by the Māori Incorporations Constitutions Regulations 1994 .
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 Constitution
Regulations 1994) with the secretary of the Māori
incorporation.
If the whenua is held within a Māori incorporation and a member of the PCA declines an offer to sell or transfer incorporation shares, the incorporation can buy those land shares.
