Die Orffer Langdoed (Pty) Ltd v Orffer N.O and Others (17494/2024)
Die Orffer Langdoed (Pty) Ltd v Orffer N.O and Others (17494/2024) [2025] ZAWCHC 14; [2025] 2 All SA 777 (WCC) (23 January 2025)
The Court found that the resignation of the third Trustee, Mr Stofberg, was effective upon the Master noting receipt of the resignation, in accordance with the Trust Deed and Section 21 of the Trust Property Control Act. The remaining Trustees were empowered to execute the resolution and Special Power of Attorney. The Trust's attempt to revoke the Special Power of Attorney was inconsistent with its prior conduct and representations, invoking the doctrine of estoppel. The Special Power of Attorney, securing a debt, is irrevocable until the debt is discharged. The sale agreement was validly con…
Source excerpt
- Trustee Resignation
- Deeds Registration Act
- Alienation Of Land Act
- Special Power Of Attorney
- Estoppel
- Fiduciary Duty