Assist the committee to enforce compliance of body corporate rules. With complex requirements, changing regulations, endless body corporate administration and uncertainty. When establishing a trust, consider appointing a corporate trustee to benefit from limited liability, enhanced asset protection, and continuous succession.
Stockard Channing then & now See Grease & Six Degrees of Separation
If you own a unit in a unit title development, you are a member of the body corporate. The māori land court may also require a trustee to file in the court a written report and appear in court for questioning on the report on any matter relating to the administration of the trust or the. Legalvision lawyer, dan kim, explains what a corporate trustee is, how to establish a trust and why it is better than an individual trustee.
In some cases, instead of going through the court, a person who is unable to manage their assets can write directly to a trustee corporation and ask if the corporation will manage their assets.
We have been providing body corporate management/secretarial services to multi unit properties since 1988. Liaise with third parties on behalf of the body corporate. While this approach may involve. This on demand will address these and other practical issues to be aware of when acting as a corporate trustee, including implications for your firm’s pi insurance, practical.
They will meet at least once a year to talk about issues and vote on decisions.
