Hall v Opepe Farm Trust (2010) 19 Waiariki MB 258 (19 WAR 258) [pdf, 442 KB]
...not actively oppose the investment and nor did they have their opposition recorded as per s 227 of the Act. They had every opportunity before Judge Savage to express their opposition but did not do so. It is trite law that in the absence of the protections of s 227, trustees are joint and severally liable for decisions made by the trust. The approval sought from Judge Savage for the trustees to have the power to enter into the venture was given on 19 May 2002, six months after th...