MLC incorporations english
Shares held in a pūtea or whānau trust If Māori incorporation shares are held in a pūtea or whānau trust, the names of the trustees 14 can be entered on the share register as the owner of those shares.
Shares held in a pūtea or whānau trust If Māori incorporation shares are held in a pūtea or whānau trust, the names of the trustees 14 can be entered on the share register as the owner of those shares.
Shares held in a pūtea or whānau trust If Māori incorporation shares are held in a pūtea or whānau trust, the names of the trustees 14 can be entered on the share register as the owner of those shares.
Documents/Guides-Templates-Factsheets/MLC-incorporations-english.pdf (856 kb)
SHARES HELD IN A PŪTEA OR WHĀNAU TRUST If Māori incorporation shares are held in a pūtea or whānau trust, the names of the trustees16 can be entered on the share register as the owner of those shares.
Documents/Guides-Templates-Factsheets/MOJ0217.8E-SEP21-Maori-Incorporations-Factsheet.pdf (370 kb)
However, any person included in the trust must consent to their interests being included in the trust.
Documents/Guides-Templates-Factsheets/MOJ0217.7E-SEP21-Succession-Factsheet.pdf (355 kb)
However, any person included in the trust must consent to their interests being included in the trust.
However, any person included in the trust must consent to their interests being included in the trust.
Documents/Guides-Templates-Factsheets/MLC-succession-english.pdf (1.2 mb)
With shares held by individuals becoming increasingly fractionated but shares held in whānau trusts being relatively stable, I foresee a time when these whānau trusts will be major shareholders in trusts and incorporations.
Whilst you can act by majority, you all share equally in any decisions made by the trust, good or bad.
Trusts can be 'interest based' or 'land based'. Interest based trusts hold interests (or shares in Māori land blocks, while ‘land based’ trusts may manage a Māori land block or blocks on behalf of landowners.
Individual districts may mail out separate Pänui where 14 clear days notice is not provided in the National Pänui / Te Pänui ä Motu. Special fixtures are arranged and advertised in accordance with the provisions of the Mäori Land Court Rules and they may not necessarily be listed in this publication.