sec.50Vacation of office by trustee

### sec.50 Vacation of office by trustee A trustee of trust land is taken to have vacated office if— the trustee dies, becomes incapable of acting or can not be located; or the trustee resigns by signed notice of resignation given to the Minister and the trustee’s resignation takes effect; or if the trustee is an incorporated body—the incorporated body ceases to exist. For subsection (1) (b) , a trustee’s resignation takes effect on the earlier of the following days— the day agreed by the Minister and the trustee; the day stated by the Minister in a notice given to the trustee; the day that is 1 year after the day the trustee’s notice of resignation was given to the Minister. The vacation of office of a trustee must be registered. The Minister may appoint, under section 44 , a new trustee to fill the vacated office. s 50 amd 2007 No. 19 s 36 ; 2017 No. 10 s 24 (sec.50-ssec.1) A trustee of trust land is taken to have vacated office if— the trustee dies, becomes incapable of acting or can not be located; or the trustee resigns by signed notice of resignation given to the Minister and the trustee’s resignation takes effect; or if the trustee is an incorporated body—the incorporated body ceases to exist. (sec.50-ssec.2) For subsection (1) (b) , a trustee’s resignation takes effect on the earlier of the following days— the day agreed by the Minister and the trustee; the day stated by the Minister in a notice given to the trustee; the day that is 1 year after the day the trustee’s notice of resignation was given to the Minister. (sec.50-ssec.3) The vacation of office of a trustee must be registered. (sec.50-ssec.4) The Minister may appoint, under section 44 , a new trustee to fill the vacated office. - (a) the trustee dies, becomes incapable of acting or can not be located; or - (b) the trustee resigns by signed notice of resignation given to the Minister and the trustee’s resignation takes effect; or - (c) if the trustee is an incorporated body—the incorporated body ceases to exist. - (a) the day agreed by the Minister and the trustee; - (b) the day stated by the Minister in a notice given to the trustee; - (c) the day that is 1 year after the day the trustee’s notice of resignation was given to the Minister.