When this happens, descendants who do whakapapa to the land are often not entitled to succeed to their land interest or shares until the spouse or partner enters a new relationship, dies or surrenders their interest.
This means shares can only pass after death. Ka aha ina kitea ngā kairīwhi?
The landowners become shareholders, and own shares in the incorporation rather than in an individual land block.
these details from the 3rd Schedule of the Court order Shares listed: …………….……… at 46 TWP 256-310 dated 5 October 2017 Relationship to deceased: …………………… [specify relationship, ie, father, sister, son, etc, or identify other relationship] ..........................................................................................................................................................
Documents/SILNA/S113-29-93-Appln-to-Determine-Successors-for-SILNA-Lands-Hawea-Wanaka.pdf (407 kb)
Succession is the legal transfer of land interests or shares from a person who has passed away (the deceased) to their descendants.
Approved by at least half of the owners or the persons who hold at least 50% of the shares in the land; and ii. Approved by a judge.
(b) If the Site is not separately rated, the Occupier shall pay a fair share of the rates levied in respect of the Parent Block.
Documents/Guides-Templates-Factsheets/2021-03-12-Example-Occupation-Order.pdf (150 kb)
A person who has not yet reached the age of 20. 9. Owner(s) of shares of land held within a trust. Beneficiaries are also called the beneficial owners. 10.
Documents/Guides-Templates-Factsheets/MOJ0217.4E-OCT21-Maori-Reservations.pdf (348 kb)
Whilst you can act by majority, you all share equally in any decisions made by the trust, good or bad.
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