13 Sept 2023
RAKIHIA TAHUMATĀ TAU [2023] NZHC 2544
- Citation
- [2023] NZHC 2544
- Court
- High Court
The court has jurisdiction under ss122, 124 and 125 of the Trusts Act 2019 to approve the trustees' proposed amendment to clause 6.1 of the FEUT deed and to waive the requirement for unanimous beneficiary consent where the variation concerns timing only, does not reduce or remove any vested interest, and where affected beneficiaries and the Settlor support the change; leave to proceed by without-notice Originating Application is justified.