Queensland Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TORRES STRAIT ISLANDER LAND ACT 1991 - SECT 154

Nature of land trust

154 Nature of land trust

(1) A land trust—
(a) is a body corporate with perpetual succession; and
(b) has a seal; and
(c) may sue and be sued in its corporate name.
(2) A land trust has all the powers of an individual and may, for example—
(a) acquire, hold and dispose of property; and
(b) borrow, receive and spend money; and
(c) employ staff, and engage consultants, necessary for the performance of its function.
(3) The land trust’s seal—
(a) is effective only if the land trust’s name is inscribed on the seal in legible characters, but the seal may include other words; and
(b) is to be kept by a person who is authorised by the land trust for that purpose; and
(c) may be attached to a document only with the written authority signed by—
(i) if the land trust consists of 1 member—the member; or
(ii) if the land trust consists of no more than 3 members—the chairperson of the land trust and at least 1 other member; or
(iii) in any other case—
(A) the chairperson and at least 2 other members; or
(B) at least 3 members.
(4) Judicial notice must be taken of the seal on a document.
(5) A document marked with the seal must be presumed to have been properly sealed, unless the contrary is proved.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback