16 Jun 2023
KANG v PERPETUAL TRUST LIMITED [2023] NZHC 1501
- Citation
- [2023] NZHC 1501
- Court
- High Court
The Court appointed the applicants as directors under s154 because the company had no competent directors and appointment was in the company's interests; the applicants had standing as property managers for the incapacitated shareholder; the appointment was made subject to a condition preventing steps that would adversely affect the value of the deceased's estate shares to avoid prejudice.