Missing Shareholder and Succession Information
Kaumātua Grants
For 2022 Eligible shareholders and trustees will need to complete a Kaumātua Grant Registration form. Each individual apply for a grant will be required to provide a form of photographic identification (drivers license), a verified copy of your birth certificate, a utility bill addressed to the individual applicant, and a verified bank account in the name of the applicant. All Kaumātua grants will be reviewed by the Grants Sub-Committee in November of each year, and a grant will be made in December.
ATTENTION
As AML (Anti-Money Laundering) requirements are now in place, Shareholders or Trusts who are not compliant with these requirements would have receive a letter requesting further information. Please ensure that you complete the action points set out in the letter in order for you or your trust to be compliant.
For all Shareholder enquiries please email: christine@maoriinvestments.co.nz or call the office.
A "missing shareholder" is either a shareholder for whom we have lost contact with (no address held) or a shareholder who is deceased view missing shareholders list You will need to complete and return to our office an "Individual Registration" form. Contact our office and we will post the form to you. The Trustees will be required to complete and return to our office an "Individual Trustee Registration" form as well as a "MIL Whanau Trust Registration" form. Contact our office and we will post the form/s to you. To begin succession an original verified/certified copy of the following documents will be required: To further help understand MIL's Succession Process the following material is available to view: What is a Missing Shareholder
What do I do if I have seen my name on the "missing shareholders" list
What do I do if our Whanau Trust is on the "missing shareholders" list
How to do a Succession
Minimum Shareholding
In accordance with MIL's Constitution the minimum number of shares that a shareholder may hold in the Company is ten (10) shares. When a shareholder holds less than the Minimum Holding of shares then they may not transfer any number of their shares less than the full number held. This is to avoid shareholdings becoming uneconomic. Only current shareholders can receive less than ten (10). These are the following options availabe:
- One beneficiary (pending how many shares the current shareholder holds) can receive the shares, or
- The formation of a Whanau Trust for the benefit of all descendants, or
- The sale of the shares - Buyers List available from our office
With any of the options above we will require written consent from all the entitled descendants. Consent forms can be obtained from our office.