MLC title improvement english
Because the original titles remain, there is no requirement to survey the overall land, as there is with an amalgamation. Shareholdings The basis for calculating the new shareholdings is the same as for amalgamations.
Because the original titles remain, there is no requirement to survey the overall land, as there is with an amalgamation. Shareholdings The basis for calculating the new shareholdings is the same as for amalgamations.
In each case, the opinion of the owners or shareholders must be taken into account. The MLC must consider the: • opinions of the owners or shareholders • effect of the proposal on the interests of owners or shareholders of a Māori incorporation5 • best overall use and development of the land.
Documents/Guides-Templates-Factsheets/MOJ0217.5E-OCT21-Title-Improvement.pdf (357 kb)
The most pressing problem is in relation to individual shareholdings and participation of shareholders in the management of their land.
Recording dividends There is a new requirement on incorporations to record the details of dividends paid to shareholders. The record will include the name of each shareholder who received a dividend, the amount paid to the shareholder and the date of each payment.
They should always lead to recusal if the shareholding is large or if the value of the shareholding would be affected by the outcome of the litigation.
Documents/Guides-Templates-Factsheets/Maori-Land-Court-Recusal-Guidelines.pdf (226 kb)
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.
If you do not want to allow votes by shareholding, omit the paragraph highlighted in pink.
Documents/Guides-Templates-Factsheets/Ahu-Whenua-Trust-Order-Template-18082025.pdf (444 kb)
Management is not providing shareholders with accurate and timely reports, e.g. AGMs are not being held.
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/MOJ0217.3E-OCT21-Transferring-Maori-Land-Shares.pdf (78 kb)
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)