New Zealand Acts

GRAND LODGE OF FREEMASONS OF NEW ZEALAND TRUSTEES ACT 1903 - SECT 9

9 Legal estate to pass to new trustees without conveyance

On the insertion as aforesaid in the said Register of Trustees of the name or names of any new trustee or trustees of any such lands not under the operation of the Land Transfer Act held subject to the provisions of this Act, the estate in such lands of the trustee or trustees in whose place such new trustee or trustees shall be appointed shall forthwith vest in such new trustee or trustees, solely or jointly as the case may be with the old continuing trustee or trustees (if any), for the same estate and interest as the former trustee or trustees had therein, and subject to the same trusts, without any conveyance or assignment whatsoever; and on the insertion as aforesaid in the said Register of Trustees of the name or names of any new trustee or trustees of lands under the operation of the said Land Transfer Act held as aforesaid, such new trustee or trustees, together with the former or continuing trustees (if any), shall be deemed the owner or owners thereof within the meaning of the said Land Transfer Act, as if the name or names of such new trustee or trustees appeared or was or were entered as such owner or owners in the register-book kept under the provisions of such Land Transfer Act, and as if a record of title had been duly issued to him or them, solely or jointly as the case may be with the former continuing owner or owners (if any), for all the same estate and interest as the former owner or owners had therein, and subject to the same trusts, without any transfer being made for the purpose; and as to lands under the operation of the Land Transfer Act, the trustees for the time being thereof registered aforesaid in the said Register of Trustees shall be deemed the owners thereof within the meaning of the same Act, as if the names of such trustees appeared or were entered as such owners in such register-book, and as if records of title had been duly issued to them, but subject to the provisions of this Act, and to any then subsisting mortgage, lien, encumbrance, or lease.

History: Section 9: amended, on 12 November 2018, by section 250 of the Land Transfer Act 2017 (2017 No 30).