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[Collected Rules and Regulations of the Native Land Court, in English and Māori]

Transfers

Transfers.

100.Any proprietor being of full age may sell his share or interest m the corporation to another proprietor with the consent of the Committee, who before granting such consent shall satisfy themselves that the proposed dealing is fair and equitable; but no such sale shall be made to a member of the Committee.page 18
101.Any proprietor may sell his share or interest in the corporation to the Crown.
102.Any proprietor may sell his share or interest in the corporation to a Native (other than a proprietor) with the consent of the Minister and the Committee, both of whom before granting such consent shall satisfy themselves that the proposed dealing is fair and equitable, and will not be objectionable to the other proprietors.
103.The purchase-money must in every instance be paid by the purchaser to the Public Trustee.
104.Save as aforesaid it shall not be lawful for a proprietor to alienate his share or interest in the corporation.
105.Every sale by a proprietor shall be by transfer in the following form, which shall be executed by both transferror and transferee, and shall be attested as hereinbefore provided:—

"I, of, being a proprietor of the corporation styled 'The Proprietors of, 'and my share or interest therein as such proprietor being, as appears by the register of the corporation, in consideration of the sum of paid to the Public Trustee on my behalf by do hereby transfer my said share to the said, and authorise the Committee to duly register the said as proprietor of the said share in my stead.

"Dated this day of 18.

"(Signature.)

"Signed by the said, in the presence of."

106.The instrument of transfer shall be presented to the Committee accompanied by such evidence as they may require to prove the title of the transferror, the due granting of all prescribed consents, and the due payment of the purchase-money to the Public Trustee; and the Committee, upon being satisfied on all points, shall register the transferee as a proprietor.
107.The Public Trustee shall hold all such purchase-money as aforesaid in trust, to invest the same, and apply the income thereof in such manner as he may think proper for the benefit of the vendor: Provided that in cases where the Public Trustee is satisfied that the vendor possesses sufficient land or other property whereon to fittingly support himself, he may pay over such purchase-money to such vendor instead of retaining and investing it.
108.Any person who becomes entitled to the share or interest of a proprietor by death or any other means than page 19transfer may be registered as a proprietor upon such evidence being produced as the Committee and the Public Trustee may require.
109.If the name of any person is, without sufficient cause, entered in or omitted from the register of proprietors, or if default is made or unnecessary delay takes place in entering on the register any change of proprietorship or any other matter that should be entered, the person aggrieved, or any proprietor, or the Public Trustee may apply to the Court, and the Court shall have jurisdiction to make such order for the rectification of the register, or otherwise in the premises as the justice of the matter may require.
110.The register shall be prima facie evidence of any matter by these regulations directed or authorised to be inserted therein.
111.The register shall be closed for seven days before the Public Trustee makes any distribution of the net proceeds of alienations as hereinafter provided.