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LAND ACT 1994 - SECT 50
Vacation of office by trustee
50 Vacation of office by trustee
(1) A trustee of trust land is taken to have vacated office if— (a) the
trustee dies, becomes incapable of acting or can not be located; or
(b) the
trustee resigns by signed notice of resignation given to the Minister and the
trustee’s resignation takes effect; or
(c) if the trustee is an
incorporated body—the incorporated body ceases to exist.
(2) For subsection
(1) (b) , a trustee’s resignation takes effect on the earlier of the
following days— (a) the day agreed by the Minister and the trustee;
(b) the
day stated by the Minister in a notice given to the trustee;
(c) the day that
is 1 year after the day the trustee’s notice of resignation was given to the
Minister.
(3) The vacation of office of a trustee must be registered.
(4)
The Minister may appoint, under section 44 , a new trustee to fill the vacated
office.
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