Use by trustee of assessment by valuer-general
210 Use by trustee of assessment by valuer-general
This section applies if—
a trustee requested an assessment under section 209 to lend money secured by the property the subject of the request; and
a valuer-general’s certificate is issued for the assessment.
Despite the Trusts Act 2025, section 78(3), the valuer-general’s certificate is taken to be an independent valuation of the property for section 78(2)(a) of that Act.
However, subsection (2) does not apply if the conditions of the trustee’s trust, retainer or employment directed the trustee to work out the property’s value in some other way.
In this section—
trustee means a person who is a trustee within the meaning of the Trusts Act 2025, section 7(1) and includes a person acting as a solicitor or other agent.
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