Livingstone v The Trustees of Lake Taupō Forest Trust – Lake Taupō Forest Trust (2012) 295 Aotea MB 6 (295 AOT 6) [pdf, 230 KB]
...a final conclusion, it is important to underscore that the Court does not terminate trusts lightly. There is also good reason for that. Trustees often enter into obligations with third parties including leases, mortgages, licenses and related forms of binding legal obligation. The termination of a trust 295 Aotea MB 12 would not alter those obligations. Moreover, the Court would need to be satisfied that there was sufficient support from amongst the owners, having regard to...