22 Jun 2021
Re Application of Dixon McMillan [2021] NZHC 1497
- Citation
- [2021] NZHC 1497
- Court
- High Court
Because the original beneficiary company (Nationwide) was defunct and unable to consent to amendment, no realistic claim for remaining tokens was likely, and the trustees proposed suitable charitable beneficiaries, the Court exercised its s133 jurisdiction to order distribution to the nominated hospices and to wind up the Token Trust.