Poutu v McDonald - Kaipakopako 2C2 (2024) 487 Aotea 78 (487 AOT 78).pdf [pdf, 230 KB]
...to pay bills, invest, improve the land, and distribute dividends to beneficiaries. [22] In order to be appointed as a responsible trustee, Mr McDonald would have given consent to this appointment. Upon appointment he inherited the powers and responsibilities 487 Aotea MB 83 of a responsible trustee, including the obligation to act to further the interests of the beneficiaries. One of the most mundane duties is for a trust to have a bank account and to take steps to set on...