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Trusts Act 2019

Trustees’ duties and information obligations - Trustees’ obligations to keep and give trust information - Documents to be kept by trustees

47: Documents must be kept for duration of trusteeship

You could also call this:

"Trustees must keep important papers for as long as they are in charge."

Illustration for Trusts Act 2019

If you are a trustee, you must keep documents for as long as you are a trustee. This means you have to keep the documents for the whole time you are in charge of the trust. You should keep the documents as long as it is reasonable to do so.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382929.

Topics:
Money and consumer rights > Banking and loans
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46: Keeping documents where there is more than 1 trustee, or

"What to do with trust documents when there's more than one person in charge"

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48: Trustee must pass on documents, or

"Give trust documents to the new trustee when you finish being one"

Part 3Trustees’ duties and information obligations
Trustees’ obligations to keep and give trust information: Documents to be kept by trustees

47Documents must be kept for duration of trusteeship

  1. A trustee must keep, so far as is reasonable, the documents for the duration of the trustee’s trusteeship.