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Land use factsheet
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Who owns the Trust land?
The Trusts own the Trust land.
A Trust cannot sell, exchange, or dispose of Trust land without a unanimous resolution from all Trust members present at a general meeting.
Can the Trust lease the land?
A Trust can lease land. However, leases for longer than 21 years require a special notice to be given for a resolution at a general meeting, where at least three-quarters of eligible voters must agree to that lease.
How am I notified of an AGM?
Trust land can also be mortgaged, if enough shareholders agree.
A mortgage can be used to raise money for investment and business development.
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