Regeling – Orokawa 3B Lots, Lot 4, & 8 (2004) 6 Whangarei Appellate MB 157 (6 APWH 157) [pdf, 636 KB]
...Appellant's indebtedness could be resolved by sale of the Land to the PCAs whereas a change of status would remove the PCAs' rights of first refusal; (b) there maybe outstanding equities in the Land which would be lost if the change of status were permitted; and (c) the prospect of a mortgagee sale of the Land is no ground for a change of status. If there is a change following a sale that will be by operation of law. In declining the application the judge accepted the validity of t...