Butler v Axco Trustees Ltd. [1997] JLR_Note 17a (18 December 1997)
The court held that trustees are under a duty to account to the beneficiaries for the administration of the trust.
- Parties
- Applicant: Butler; Respondent: Axco Trustees Ltd.
- Jurisdiction
- Jersey
- Judgment Date
- 18 December 1997
- Procedural Posture
- Civil / Judgment
- Outcome
- application granted
- Legal Topics
- Trustee's Duty to Account, Beneficiaries' Rights
Case Brief
Summary, issues, holding and outcome
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Parties
Butler
Applicant
Axco Trustees Ltd.
Respondent
Procedural Posture
Civil / Judgment
Legal Issues
- 1 Whether the trustee has a duty to account to beneficiaries
Ratio Decidendi
The court held that trustees are under a duty to account to the beneficiaries for the administration of the trust.
Court Disposition
application granted
Orders
- Trustee ordered to account to beneficiaries
Full Case Text
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