A community trust is a type of organisation that exists forever, which is called having perpetual succession. You can think of it like a person, but it's not a real person, it's an organisation. This means it can keep doing things even if the people in charge change.
A community trust must have a special stamp, which is called a seal. This seal is important because it helps prove that the trust is real and official.
The community trust's seal is recognised by all courts and is used for all official purposes, which means it's like a special signature that shows the trust is genuine, you can find more information about this by looking at s 219I(1), (3).
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3339908.
358: Order in Council vesting licensing trust's undertaking in community trust, or
"The Governor-General can transfer a licensing trust's business to a community trust with a special order."
360: Existing community trust continues in existence, or
"Some community trusts keep working as usual and have elections with other local elections."
A community trust is a body corporate having perpetual succession.
A community trust must have a seal.
The common seal of a community trust must be judicially noticed in all courts and for all purposes.
