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Taratahi Agricultural Training Centre (Wairarapa) Act 1969

16: Members not personally liable

You could also call this:

"Trust board members are not personally responsible for the board's actions if they act honestly."

Illustration for Taratahi Agricultural Training Centre (Wairarapa) Act 1969

You are a member of the trust board. You are not personally liable for things the board does. This is if the board acts in good faith.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM394320.

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15: Exemption from land tax and income tax, or

"The trust board doesn't have to pay land tax or income tax."

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17: Annual report, or

"The trust board must give the Minister a yearly report on what they did and their money situation."

16Members not personally liable

  1. No member of the trust board shall be personally liable for any act done or omitted by the board or by any member thereof in good faith in the course of the operations of the board.