Peni v Pahi — Tiroa E Block and Te Hape B Block (2010) 1 Waikato Maniapoto MB 25 (1 WMN 25) [pdf, 148 KB]
...was at a gross undervalue, and the process in selling the property was flawed and not best practice; c) Whether the establishment of the position of Executive Trustee was ill conceived and carried out in a flawed manner and in contravention of clause 40(e) of the Trust Order. Background Sale of Trust Property [3] Tiroa E and Te Hape B Trusts owned a farm property at Puketawai Road, Otorohanga (“the farm”). The farm was general land and did not form part of the corpus land...