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Banking Practice Note

Where one or more of the trustees are unable or refuse to sign the mortgage documents, the remaining trustees can apply to the Court: (a) To seek directions; (b) To remove any trustees who have passed away or resigned; (c) To remove a trustee for cause for refusing to implement the majority decision; or (d) To approve the mortgage documents being signed by a majority of trustees...

Documents/Practice-notes/Banking-Practice-Note.pdf (204 kb)

Te arotake, te whakarerekē rānei i tō kaporeihana whenua
Review or change an incorporation

A person may be disqualified from becoming a member if they are: subject to an order appointing a manager under section 31 of the Protection of Personal and Property Rights Act 1998 ; or a trustee corporation managing the persons' property under section 32 or 33 of this Act an undischarged bankrupt, or convicted of crimes punishable by imprisonment for a period of six months or more, unless they have served the sentence or have otherwis...