223Trustees of private water trusts

#### 223 Trustees of private water trusts 223 Trustees of private water trusts > > (1) The number of trustees of a private water trust is to be the number when section 220 commenced. > > > (2) The trustees of a trust are to be elected. > > > (3) The trustees must elect one of the trustees as chairperson of the trust. > > > (4) The trustees have the following functions— > > > > > (a) to direct, control and manage the affairs of the trust, in accordance with this Act, the regulations and the rules, > > > > > (b) any other functions conferred on the trustees by or under this Act. > > > (5) The trustees are to act for and on behalf of the trust. > > > (6) A trustee holds office for the term prescribed by the rules. > > > (7) The regulations may prescribe the circumstances in which a trustee ceases to be a trustee. > > > (8) For the purposes of this Act and the regulations, a trust is taken to be the holder of any access licence or approval that is held by any former or other current trustees on behalf of the trust. > > > (9) A trustee must, as soon as practicable after ceasing to be a trustee, take all necessary action to transfer any interest in property held by the former trustee on behalf of the trust to the trustees of the trust or the trust. > > **s 223:** Subst 2010 No 133, Sch 2\[59\].