Te Whiu v Taituha - Te Tii A Māori Reservation (2024) 278 Taitokerau MB 82 (278 TTK 82) [pdf, 216 KB]
...a duty of loyalty to act in the best interests of the beneficiaries. Trustees must not place themselves in a position where their duty and interest conflict. 3 Henderson v Brooking - Wharekahika A47 [2023] Māori Appellate Court MB 17 (2023 APPEAL 17). 278 Taitokerau MB 86 Under the “self-dealing” rule, if a trustee sells trust property to themselves the sale is voidable as of right at the election of an affected beneficiary, no matter how fair the transaction. The...