Morehu v Māori Trustee - Tokerau A14B2 (2007) 313 Rotorua MB 256 (313 ROT 256) [pdf, 6.7 MB]
...value. It is highly speculative therefore and unlikely that he intended to create a trust that required the shares to return to him should the sale to Te Mata Morehu not proceed. Indeed, the opposite conclusion can be drawn from the applicant's affidavit, paragraph 4. It says that the deceased did not tell the applicant he had sold his shares or why and that he only discovered the sale some two years later; (0) there is no suggestion by the deceased that he created a trust that...