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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

48: Trustee must pass on documents

You could also call this:

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

Illustration for Trusts Act 2019

When you stop being a trustee, you must give the documents you have to at least one new or remaining trustee if the trust is still going. You need to do this when your time as a trustee ends. This is so the new or remaining trustee has the documents they need to keep the trust going.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382930.

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47: Documents must be kept for duration of trusteeship, or

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

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49: Definitions for purposes of sections 50 to 55, or

"What special words mean in sections 50 to 55 of the Trusts Act 2019"

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

48Trustee must pass on documents

  1. At the time that the trusteeship of a trustee ends, if the trust continues, the trustee must give at least 1 replacement trustee or continuing trustee the documents that the trustee holds at that time.