New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The trustees of any trust to which this Part applies may from time to time apply to the court for an order that they shall stand possessed of any income derived from any specified part of the trust property upon trust for such charitable purposes as may be specified in the order.
(2) The court shall not make an order under subsection (1) unless it is satisfied—
(a) that the beneficiaries of the trust have had sufficient notice of the proposal to apply for the order and sufficient opportunity to discuss and consider it; and
(b) that there is a sufficient degree of support for the proposal among the beneficiaries.
Section 245(1): amended, on 1 July 1994, by section 22 of Te Ture Whenua Maori Amendment Act 1994 (1994 No 69).
