5 Sept 2008
UNIVERSITY OF OTAGO V THE TRUSTEES OF THE UNIVERSITY OF OTAGO FOUNDATION TRUST HC DUN CIV 2008-412-000604
- Citation
- openlaw-51a4db3f_c913_45ec_88ea_a16cea0a78ac.pdf
- Court
- High Court
The Court approved the proposed transfer and variation because the scheme preserved the original purposes and donor restrictions, the Foundation deed contains safeguards (notably clauses 7.3 and 8.2) and the Solicitor-General's report confirmed the scheme is proper under Part 3 of the Charitable Trusts Act 1957; approval is conditional on trustees implementing measures to identify and honour donor terms.