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if there are not quite enough shares to
partition out the area needed, the partitioning
owner may pay the difference in cash as
assessed by the valuer. on the other hand,
the partitioner may own more than enough
shares and may decide to leave some shares
in the residue block with the other owners.
if there are not quite enough shares to
partition out the area needed, the partitioning
owner may pay the difference in cash as
assessed by the valuer. on the other hand,
the partitioner may own more than enough
shares and may decide to leave some shares
in the residue block with the other owners.
We know that there are thousands of acres of undeveloped Māori land, thousands of acres of Māori land with no governance structures and thousands of small Māori land blocks with hundreds of owners that have governance structures but are struggling and underutilised.
Following the signing of the Treaty of Waitangi in 1840, the Crown negotiated several largescale purchases of land in Te Waipounamu (the South Island) whereby almost the entire land base of Ngāi Tahu, some 34.5 million acres of land, was sold for £14,750. 1 Ngāi Tahu’s landlessness was the subject of several Crown investigations in the mid-to-late nineteenth century.
INFORMATION
Trusts must keep and share up-to-date and accurate
information. Every trustee must keep a copy of the trust deed
(trust order) and any variations to it.