NgāiTakoto Claims Settlement Act 2015

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159 Acceptance of offer

(1)

The trustees of an offer trust may, by notice to the RFR landowner who makes an offer, accept the offer if—

(a)

it has not been withdrawn; and

(b)

its expiry date has not passed.

(2)

The trustees of an offer trust must accept all the RFR land offered, unless the offer permits them to accept less.

(3)

In the case of an offer of shared RFR land or balance RFR land, the offer is accepted if, at the end of the expiry date, the RFR landowner has received notice of acceptance from the trustees of only 1 offer trust.

(4)

In the case of an offer of shared RFR land, if the RFR landowner has received notices of acceptance, at the expiry date specified in the notice of offer given under section 156, from the trustees of 2 or more offer trusts, the RFR landowner has 10 working days in which to give notice to the trustees of those 2 or more offer trusts—

(a)

specifying the offer trusts from whose trustees acceptance notices have been received; and

(b)

stating that the offer may be accepted by the trustees of only 1 of those offer trusts before the end of the tenth working day after the day on which the RFR landowner’s notice is received under this subsection.