23 Dec 2020
Application by Winklemann in respect of Te Ngakau Trust
- Citation
- openlaw-4c7762da_90c0_40bc_afab_0107025a55b4.pdf
- Court
- High Court
The Court appointed the applicant as sole trustee under s 51 because appointment was necessary to enable administration and disposition of trust assets held in the solicitor trust account; it granted directions under s 66 to sell the NETCOR shares at the best available price, transfer the O-A-Tia Publishers credit to the Trust, pay solicitor costs, distribute remaining funds to specified charities and wind up the Trust due to the settlor's death, absence of a deed, lack of executor interest and absence of opposition, such directions being necessary and appropriate to give effect to the settlo…