Te Ture Whenua Maori Act 1993
Maori Land Act 1993

118A Circumstances when certain assets and payments must be held in trust

(1)

If the court makes an order under section 26M(1)(f)(iii) or (2) that an action be prevented or be subject to an interim injunction, as the case may be,—

(a)

Te Ohu Kai Moana Trustee Limited must hold the assets that are subject to the order in trust for that mandated iwi organisation until—

(i)

the date specified in the order; or

(ii)

the conditions specified in the order are met; or

(iii)

the order ceases to have effect; and

(b)

the mandated iwi organisation is entitled to receive any income earned from those assets for the period that they are held in trust, except that Te Ohu Kai Moana Trustee Limited is entitled to deduct the reasonable costs of administering the assets.

(2)

In this section, mandated iwi organisation and Te Ohu Kai Moana Trustee Limited have the meaning set out in section 26A.

Section 118A: inserted, on 26 September 2004, by section 4 of Te Ture Whenua Maori Amendment Act (No 2) 2004 (2004 No 79).