Ngati Paoa (2009) 141 Waikato MB 271 (141 W 271) [pdf, 211 KB]
...trustees resolved that the $1,000,000 Railway settlement fund be retained by the Whānau Trust as the interest accrued from the fund covers the cost of keeping the Farm Trust from insolvency; b) On behalf of the Whānau Trust, she requested that it be permitted to retain the Railway settlement fund of $1,000,000 with the interest used to cover the ongoing costs, in particular, of the Farm Trust. [59] It is regrettable that neither Mrs Gordon nor any of the other trustees appeared...