Charitable Trusts Act 1957

Vesting of property

5: Transfer of properties

You could also call this:

"Property held for a group can be given to new trustees or the group itself"

When someone holds property for the benefit of a group or organisation, they can transfer it to new trustees or to the organisation itself. This applies even if the original document doesn't clearly state the trust or purpose. It also doesn't matter if the trust is for a charitable purpose or not. The person holding the property can make this transfer when the group or organisation tells them to do so.

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This page was last updated on 15 April 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM309916.

Topics:

Housing and property > Buying and selling homes

4: Evidence of appointment of trustees, or

"How to prove new trustees have been chosen and what they're responsible for"

6: Interpretation, or

"Explaining important words used in this part of the law"

Part 1Vesting of property

5Transfer of properties

Where any property is vested in or held by any person in trust for or for the benefit (directly or indirectly) of any body or corporation, or for the maintenance and support of the officers or members of any body or corporation, whether or not the trust or purpose appears upon the face of the conveyance or other instrument under which the property is held and whether or not the trust is for any charitable purpose, it shall be lawful for the person to convey or transfer the property so held to such trustees as the body or corporation directs or appoints or (in the case of a corporation) to the corporation.

Compare

1908 No 164 s 10