Introduction While hearing succession applications I often find myself suggesting to those appearing in front of me to consider forming a whānau trust. I stress that a whānau trust is designed to manage specified shares in Māori land, it facilitates the bringing together of interests for the benefit of descendants and most importantly is a valuable tool to prevent ongoing fragmentation or, more correctly, fractionalisation of shares.
When searching for ownership it will show:
• Owners details
• Block associated with that owner
• Share amounts
• Any Trusts if applicable
2.9 SEARCHING OWNERSHIP
TIP: When looking for an owner put a “%” (wildcard) in between the first and last name.
Decide on voting threshold
for a poll vote (for voting by shareholding)
14.4 This is the standard treatment of whānau trusts that put their shares into
ahu whenua trusts.
Decide on voting threshold
for a poll vote (for voting by shareholding)
14.4 This is the standard treatment of whānau trusts that put their shares into
ahu whenua trusts.
You can calculate whether you have enough shares by dividing the area of the whole block with the total number of shares in the block to work out what area of land each share relates to.
For
example, for an application for succession, you’ll need a
death certificate, any grant of administration (grant of
probate2 or letters of administration3) or the original will,
minutes of a whānau meeting if a whānau trust is required,
and consents of the proposed trustees.
Similarly, many
will hold shares in publicly listed companies. Generally, these interests will be such that
they are unlikely to be affected by a particular piece of litigation and they are commonly
disregarded.