Adlam v Savage - Lot 39 A Sec. 2A Parish of Matatā and Lot 39 A Sec. 2B No.2B No.2A Parish of Matatā [2015] Māori Appellate Court MB 59 (2015 APPEAL 59) [pdf, 342 KB]
...her personal interests above or in conflict with the trust is paramount. 26 [48] The core obligations of a fiduciary are captured by the profit and conflict rules. A fiduciary is not permitted to profit from his or her office, save with the informed consent of the person to whom they stand in a fiduciary relationship. Neither must a fiduciary place himself in a position where a personal interest conflicts with duty to the trust. 27 [49] In his text, Account of Profits, Peter D...