21 Jul 2022
RE DARLOW [2022] NZHC 1763
- Citation
- [2022] NZHC 1763
- Court
- High Court
The application for a s 133 direction was dismissed because the proposed order was impermissibly open‑ended (authorising sale for any best offer after unspecified marketing) and lacked current specific valuation information or nominated price thresholds necessary for the Court to determine whether the proposed exercise of the trustee's power would be proper and prudent.