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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...
Now, landowners seeking to form an incorporation need to
show there is a sufficient degree of support for the proposal,
and that sufficient notice of the proposal has been given.
Recording dividends
There is a new requirement on incorporations to record the
details of dividends paid to shareholders.
If the chairperson decides that the notice is not valid, the reasons for that determination must
be recorded on the proxy form and a copy kept for the trust records.
Publication of recordings in this manner “enables the public to view entire, unedited proceedings” and at the same time “enables the Court to retain control of the recordings”.
Administration of reservations
RECORDS AND ACCOUNTS
The trustees are required to:
• keep and maintain accurate and up‑to‑date records and
accounts of the reservation
• maintain a bank account for the reservation and ensure
that the bank account is operated by at least two
signatories
• at any time, give the MLC all records, accounts books
and vouchers in possession or control of the trustees for
examination by the Court
• keep a minute book of trustees’ meetings and...
At least one trustee must hold other core trust documents such
as records of the trust’s property, records of trustee decisions, and
accounting records and financial statements.
Administration of
reservations
Records and accounts
The trustees are required to:
• keep and maintain accurate and up-to-date
records and accounts of the reservation
• maintain a bank account for the reservation
and ensure that the bank account is
operated by at least two signatories
• at any time, give the Māori Land Court all
records, accounts books, and vouchers in
possession or control of the trustees for
examination by the Court
• keep a minute book of tru...
The special
bond between Māori people and the land is
recognised by the Māori Land Court, and the
records held by this Court form an invaluable
part of the whakapapa of all Māori.
