Māori incorporations
E906962
Māori incorporations are collective landholding entities established to manage and develop Māori-owned land and assets on behalf of multiple Māori shareholders.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Māori landholding entity
ⓘ
collective ownership structure ⓘ legal entity ⓘ |
| activity |
commercial property investment
ⓘ
farming ⓘ forestry ⓘ land development ⓘ tourism ventures ⓘ |
| aim |
to protect cultural and spiritual values associated with land
ⓘ
to provide economic returns to owners ⓘ to retain Māori land in Māori ownership ⓘ |
| associatedWith |
Māori economic development
ⓘ
collective Māori governance of land ⓘ |
| butDiffersIn |
primary purpose of retaining Māori land
ⓘ
shareholding tied to ancestral land interests ⓘ |
| canBeEstablishedBy | order of the Māori Land Court ⓘ |
| canBorrow | money for development projects ⓘ |
| canDistribute | dividends to shareholders ⓘ |
| canEnterInto | commercial contracts ⓘ |
| country | New Zealand ⓘ |
| decisionMakingBody | general meeting of shareholders ⓘ |
| distinctFrom |
Māori trusts
NERFINISHED
ⓘ
ahupūtea trusts ⓘ |
| feature |
collective decision-making
ⓘ
limited liability for shareholders ⓘ owners hold shares rather than individual titles to land parcels ⓘ separate legal personality from shareholders ⓘ shares allocated to owners in proportion to their interests ⓘ |
| governedBy | committee of management ⓘ |
| hasObligation |
to comply with Māori Land Court requirements
ⓘ
to report to shareholders ⓘ |
| hasShareholders | Māori landowners ⓘ |
| historicalContext |
developed to address fragmentation of Māori land titles
ⓘ
emerged from 20th-century Māori land reforms ⓘ |
| jurisdiction | New Zealand ⓘ |
| legalBasis |
Māori Affairs Act 1953
NERFINISHED
ⓘ
Te Ture Whenua Māori Act 1993 NERFINISHED ⓘ |
| manages |
Māori assets
ⓘ
Māori freehold land ⓘ |
| overseenBy | Māori Land Court NERFINISHED ⓘ |
| ownershipStructure | multiple Māori shareholders ⓘ |
| purpose |
to develop Māori land and assets
ⓘ
to generate benefits for Māori shareholders ⓘ to manage Māori-owned land collectively ⓘ |
| regulatedBy | Te Ture Whenua Māori Act 1993 provisions on incorporations NERFINISHED ⓘ |
| requires | resolution of landowners to form incorporation ⓘ |
| similarTo | companies under New Zealand company law ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Māori Affairs Act 1953