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Found 540 items matching "removing trustee form".

MLC Form 38 Application to add reduce replace or remove trustees 202104

Page 1 MLC 07/24 - 38 APPLICATION TO ADD, REDUCE, REPLACE OR REMOVE TRUSTEES Te Ture Whenua Māori Act 1993 Section 239 (Add, Reduce or Replace trustees) Section 240 (Remove Trustees); or Section 239 and 338(7) (Add Reduce or Replace Māori Reservation Trustees); For more information visit www.māorilandcourt.govt.nz Form 38 Rule 12.8 WHAT IS THIS FORM FOR?

Documents/Forms/MLC-Form-38-Application-to-add-reduce-replace-or-remove-trustees-202104.pdf (204 kb)

Factsheet Legislative changes affecting trusts

Legislative changes affecting trusts Effective from Waitangi Day, 6 February 2021 Updated provisions for removing a trustee The Act now allows for the Māori Land Court to remove a trustee if it is satisfied that they have lost the capacity to perform their functions as a trustee, or that their removal is desirable for the proper execution of the trust (for example because they repeatedly refuse or fail to act as a trustee, they become an und...

Documents/Guides-Templates-Factsheets/Factsheet-Legislative-changes-affecting-trusts.pdf (303 kb)

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 only per s 227(3) and 237 of the Act. 7.

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