28 Aug 2015
Re the Ronald McDonald House Wellington Trust Board [2015] NZHC 2073
- Citation
- [2015] NZHC 2073
- Court
- High Court
Clause 11.10(a)'s reference to 'inexpedient' is engaged and permits winding up of RMH Wellington because the existing multiple localised trust structure is inexpedient, but the proposed variations were overly broad and risked enabling a fraud on the power; the Court granted the application in part, permitting a narrow amendment substituting Ronald McDonald House Charities New Zealand Trust as the mandatory transferee in clause 11.10(b) and authorising the trustees to wind up and transfer assets on that basis.