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Comment Box
While the land and any other property vested in the trust is held and used for the benefit of the beneficial
owners, the beneficial owners are not the legal owners.
Where land is vested in trustees, the
trustees own the land as legal owners on
behalf of the beneficiaries. The beneficiaries
hold their individual shares in the land as
beneficial owners.
Where land is vested in trustees, the
trustees own the land as legal owners on
behalf of the beneficiaries. The beneficiaries
hold their individual shares in the land as
beneficial owners.
Where land is vested in trustees, the
trustees own the land as legal owners on
behalf of the beneficiaries. The beneficiaries
hold their individual shares in the land as
beneficial owners.
These rules ensure that the Act’s
kaupapa is met – to promote the retention
of Māori land in the hands of its owners and
their whānau and hapū 4 and to facilitate the
occupation, development, and utilisation of
that land for the benefit of its owners and
their whānau and hapū.
These rules ensure that the Act’s
kaupapa is met – to promote the retention
of Māori land in the hands of its owners and
their whānau and hapū 4 and to facilitate the
occupation, development, and utilisation of
that land for the benefit of its owners and
their whānau and hapū.
Additional interests
7
7.3 If, after the constitution of this Trust, any additional Māori land interests are vested in the
name of any person who has vested Māori land interests into this Trust, those additional
interests shall be included as Trust Property of this Trust by application to the Court by
the Registrar without notice to the Beneficiaries.
Records
7.4 The Trustees must keep competent records and retain the following core Trust
documents, so far as i...