New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Except in the case of a deed or other document that is required to be signed by all of the trustees, any deed or other instrument to which the trustees are a party may be signed on behalf of the trustees by a majority of the trustees if the entry into and execution of the deed or other document has been authorised by a resolution of the trustees.
(2) Where a deed or other instrument is signed in accordance with subclause (1) of this regulation by a majority of the trustees, that deed or other instrument shall be as binding on the trustees as it would have been if it had been signed by all of the trustees.