8 Feb 2010
PACIFICARE TRUST (615324) V PACIFICARE TRUST (615324) HC AK CIV-2009-404-000877
- Citation
- openlaw-0b28ab5e_470e_442f_9671_66a4e9c1ce6d.pdf
- Court
- High Court
Pacificare was plainly insolvent (including a statutory demand for $605,104.68 and termination of a major contract), and those facts satisfy the just and equitable test under s25 of the Charitable Trusts Act 1957; accordingly the Court ordered the trust wound up in accordance with s241(2)(c) of the Companies Act.