reg 11
In forceAdoption of rules
Part 2Provisions about land trusts
Division 2Rules of land trusts
Subdivision 1Adoption of rules
11 Adoption of rules
(1)
A land trust must adopt rules governing the land trust (adopted rules).
(2)
A land trust must adopt its first rules as soon as practicable after it comes into existence.
(3)
Within 28 days after a land trust adopts its first rules, adopts changes to its adopted rules or adopts new rules, the land trust must give the chief executive a copy of its adopted rules.
(4)
If there is an inconsistency between subdivision 2 or 3 and a land trust’s adopted rules, the subdivision prevails to the extent of the inconsistency.
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