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Dissolution

When a charitable trust board is no longer operating

If the charitable trust board has no assets or liabilities, the board can send the Registrar written advice that the board is no longer carrying on its operations and request that it be dissolved and removed from the register.

Prior to a board sending the Registrar a request to be dissolved it should deal with any outstanding assets and/or liabilities in the manner specified by the board’s rules or trust deed.

Read section 26 of the Charitable Trust Act 1957 for more information.

 

How do you apply to dissolve a trust board?

The board may apply to be dissolved by sending the Registrar confirmation of the following:

  1. The board is no longer carrying on its operations.
  2. All liabilities (debts) of the board have been discharged/paid off.
  3. All surplus assets (after payment of liabilities) have been distributed.

 

  

How is the application processed?

  • The application will be reviewed to ensure all requirements are met.
  • The application and dissolution are processed on the same day.
  • The applicant will be notified by letter of the outcome of the request.
  • The Registrar will give public notice of all dissolved boards monthly in the New Zealand Gazette.

 

Last updated 28 May 2015