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However, income from the land (like
rent or interest) can be used to pay debts. The estate trusteescan sell the land if beneficiaries22 want it sold and if all other
requirements of the Act are met.
Note,
though, that this total includes absent
trustees, deceased trustees and resigning
trusteeswho have not been replaced, or
where the number of trustees has not been
reduced by the Court.
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 trusteeswho have not
been replaced, or where the number of trustees has not
been reduced by the MLC.
• 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.
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.
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.