When you look at a licensing trust, you see it as a single entity that exists forever. This means it keeps going even if the people involved change. You know it is official because it has its own seal.
A licensing trust must have a seal, which is like an official stamp. You can find more information about this by looking at s 186. This helps you understand what a licensing trust is and how it works.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339831.
301: When Minister must recommend establishment of licensing trust, or
"Minister must suggest creating a licensing trust if 15% of voters in an area ask for it"
303: Existing licensing trusts continue in existence, or
"Older alcohol licensing trusts keep working as usual under the new law."
A licensing trust is a body corporate having perpetual succession.
A licensing trust must have a seal.
