2 Aug 2018
BISHOP WARDEN PROPERTY HOLDINGS LTD v AUTUMN TREE LTD [2018] NZCA 285
- Citation
- [2018] 3 NZLR 809
- Court
- Court of Appeal
The Court accepted the Companies Register showed Anna registered as a director before the agreement was entered into, meaning Autumn Tree was holding out both Anna and Tina as directors; a single director acting alone did not customarily have authority to enter a significant property sale for a property development company and s 18(1) did not save the transaction; accordingly Bishop had no reasonably arguable equitable interest and the caveat removal was correctly ordered and the appeal dismissed.