Content of adopted rules

In force

The adopted rules of a land trust must include provision for the following—

(a)

the establishment, membership and functions of the land trust’s executive committee;

(b)

the process for decision-making by the land trust and its committees;

(c)

the creation of the land trust’s executive offices and the procedure for filling the offices;

(d)

the appointment of a person to act in the position of a member of the executive committee when the member is, or is to be, absent;

(e)

the procedure for settling disputes between the land trust and its members;

(f)

the frequency of meetings of the executive committee, and how the meetings are to be held;

(g)

the way the land trust’s general meetings are to be called and held;

(h)

requirements for managing trust property, including requirements for the following—

(i)

keeping records of the land trust’s transactions;

(ii)

procedures for authorising payments, and for making payments, out of the land trust’s funds;

(iii)

keeping control over trust property;

(iv)

procedures for incurring liabilities by or for the land trust;

(i)

the procedure for adopting changes to the adopted rules of the land trust and for adopting new rules.

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