However, income from the land (like rent or interest) can be used to pay debts. The estate trustees can sell the land if beneficiaries22 want it sold and if all other requirements of the Act are met.
Documents/Guides-Templates-Factsheets/MOJ0217.7E-SEP21-Succession-Factsheet.pdf (362 kb)
Note, though, that this total includes absent trustees, deceased trustees and resigning trustees who have not been replaced, or where the number of trustees has not been reduced by the Court.
Documents/Guides-Templates-Factsheets/MLC-maori-reservations-english.pdf (389 kb)
QUORUM The total number of trustees is the number appointed by the MLC. Note, though, that this total includes absent trustees, deceased trustees and resigning trustees who have not been replaced, or where the number of trustees has not been reduced by the MLC.
Documents/Guides-Templates-Factsheets/MOJ0217.4E-OCT21-Maori-Reservations.pdf (348 kb)
• In the unlikely event that no one is entitled to succeed, the Court can determine who should succeed and, if necessary, create a trust for the deceased’s interests.
• In the unlikely event that no one is entitled to succeed, the Court can determine who should succeed and, if necessary, create a trust for the deceased’s interests.
Documents/Guides-Templates-Factsheets/MLC-succession-english.pdf (1.2 mb)
Where a minority trustee disagrees with the majority who have approved a mortgage, the minority trustee can: (a) Record their dissent in writing before the mortgage is registered.
These provisions (Section 20 Trusts Act 2019) override the Age of Majority Act 1970 so a person over 18 can be a trustee. MINUTE BOOK The written record of all proceedings of the Māori Land Court.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)
TRANSFERRING SHARES TO TRUSTEES Māori land shares can be transferred, by a vesting order, to a trustee from a person who owns, or is entitled to own, Māori land shares.
Documents/Guides-Templates-Factsheets/MOJ0217.3E-OCT21-Transferring-Maori-Land-Shares.pdf (78 kb)
If the shares are owned by a pūtea trust, the trustees will receive the notice of the meeting, but the people who contributed the shares, not the trustees, will vote.
If the shares are owned by a pūtea trust, the trustees will receive the notice of the meeting, but the people who contributed the shares, not the trustees, will vote.
Documents/Guides-Templates-Factsheets/MLC-incorporations-english.pdf (856 kb)
