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PURPOSES OF THE TRUST (OBJECTS)
2.1 All Trust Property, including any income that is derived from Trust Property, is held by the
Trustees in trust for the Beneficial Owners in proportion to the Beneficial Owners' several
interests in the Corpus Land.
2.2 Subject to clause 2.1, and subject to any specific restrictions elsewhere in this Order (e.g.
Apply online Download the application form Transferring shares in an incorporation
If you want to sell or gift your shares in an incorporation and no member of the PCA is able to take or buy the shares, the incorporation may do so instead.
The Act stipulates that the Court's objective is to keep Māori lands in Māori hands, protect wāhi tapu, and assist landowners in living on, developing, and using their land for the benefit of all owners, their whānau, and their hapū.
This service is voluntary, so everyone involved in the dispute must all agree to take part. In this context, tikanga-based means that the process is guided by your values, beliefs and practices as a whānau or hapū.
File the application
File the application at the MLC office in the district where the
land is located. See the last page of this factsheet for address
details.
11.
Much like an amalgamation, the resulting shareholding is dependent on the:
agreement or sufficient degree of support from the owners
value of each block and shares (before aggregation), and
new shareholding, based on the value of the pre-aggregation shares, in the new aggregation.
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.
Community Law - Free legal help In your application, you’ll need to provide evidence that the trustees have been acting in a way that breaches their trust order.
