Deputy Registrar - Lot 1 DP 17494 Part Section 2345 New Plymouth (old Railway Station) (2017) 374 Aotea MB 81 (374 AOT 81) [pdf, 277 KB]
...also supported the proposed approach to the future conduct of these proceedings. Discussion [14] The allegations before the Court are serious. It is asserted that, by act or omission and in breach of their duties, the trustees have caused or permitted almost $400,000.00 of trust funds to be lost, allegedly by misappropriation, by a former trustee who had been appointed Chief Executive Officer of the trust. Even then, the trustees cannot be certain of the actual amount involved....