239PWinding up of private water trusts

#### 239P Winding up of private water trusts 239P Winding up of private water trusts > > (1) The Minister may, by order published in the Gazette, order that a private water trust be wound up if— > > > > > (a) requested to do so by the trustees after a resolution to wind up the trust was passed at a meeting of the trust by not less than 75% of the members of the trust, or > > > > > (b) the administrator of the trust has recommended that the trust be wound up. > > > (2) The order must appoint a person as the liquidator of the trust. > > > (3) The regulations may make provision for or with respect to the winding up of a trust and for the disposal of residual assets held by or on behalf of the trust. > > > (4) The Minister may, by order published in the Gazette, abolish a trust if satisfied that the winding up of the trust under this section has been completed. > > **s 239P:** Ins 2010 No 133, Sch 2\[59\].