80
In forceExisting members of trusts
80 Existing members of trusts
(1)
A member of a trust who held office immediately before the commencement of section 223, as inserted by the 2010 amending Act, is taken to have been elected as a trustee of the trust for the period ending on the expiry of the period of the person’s last appointment, or until elections are held for trustees of the trust, whichever first occurs.
(2)
A reference in any instrument to a member of a private water trust (other than a voting member of such a trust) is taken to be a reference to a trustee of a private water trust.
This Act’s bill:Explanatory memorandumSecond reading speech
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