Broadman - Waimarama 3A 4B Sec 5 (2018) 66 Tākitimu MB 207 (66 TKT 207) [pdf, 332 KB]
...shareholding and paid at 1.87c per share. [37] Therefore, the payment of the attendance fees to a select group of nine out of over 400 owners in the circumstances of this case was imprudent, unreasonable and unwise. It was certainly not the actions of responsible trustees acting prudently. For this conduct the trustees will now need to be held accountable. 66 Takitimu MB 217 Should the trustees be removed? [38] Section 240 of the Act provides: 240 Removal of trustee...