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Māori incorporation shares
CALCULATING SHARES
When the Māori incorporation is established, the MLC will
determine the total number of Māori incorporation shares.
To transfer Māori incorporation shares,
the transferor (the person transferring
the shares) must file a transfer of shares
form (form 5 of the Māori Incorporations
Regulations 1994) with the secretary of
the Māori incorporation.
To transfer Māori incorporation shares,
the transferor (the person transferring
the shares) must file a transfer of shares
form (form 5 of the Māori Incorporations
Regulations 1994) with the secretary of
the Māori incorporation.
To transfer Māori incorporation shares,
the transferor (the person transferring
the shares) must file a transfer of shares
form (form 5 of the Māori Incorporations
Regulations 1994) with the secretary of
the Māori incorporation.
To transfer Māori incorporation shares, the transferor (the
person transferring the shares) must file a transfer of shares
form (form 5 of the Māori Incorporations Constitution
Regulations 1994) with the secretary of the Māori
incorporation.
Legislative changes affecting incorporations
Effective from Waitangi Day, 6 February 2021
Register of interest and annual declaration
Māori incorporations must establish and maintain an interests
register for the Māori land held by the incorporation.
Kaporeihana whenua
Incorporation
Unlike trusts, a Māori incorporation is structured like a company and is governed by the Māori Incorporations Constitutions Regulations 1994 .
This is the case for the largest
and most successful trusts and incorporations, such as the Tuaropaki Trust and
Mangatu Incorporation, right down to the smallest papakainga trusts.
In these cases, the family or personal representative needs to
approach the incorporation secretary directly.
Entitlement to succession
Before 1 July 1993, Māori incorporation shares were dealt with
in the same way as other personal property (like cars and
cash).