5 Dec 2011
RE: Ngati Mutunga O Wharekauri Trust (in liquidation) & Anor HC WN CIV-2010-485-2185
- Citation
- openlaw-15bc89af_3d8f_4d2d_8210_75ea160a8f02.pdf
- Court
- High Court
The Court approved distribution under s27 to the Ngāti Mutunga O Wharekauri Iwi Trust because the New Trust's objects were as nearly consistent as possible with the original trust and society, there was no identified alternative recipient and statutory and advertising requirements were satisfied; distribution is subject to prudent preservation for and resolution of creditors' claims according to the directed timetable.