Wall v Karaitiana - Tauhara Middle 15 Trust (2008) 87 Taupo MB 107 (87 TPO 107) [pdf, 14 MB]
...risk to the trust's existing land. All of the trustees except Harvey Karaitiana, the respondent, have supported the proposal. [5] The respondent refi.!sed to sign the mOltgage documents for the loan with the BNZ as he opposed the use of trust resources to purchase Tauhara NOIth and was concerned about the risk to the trust's assets. The then solicitor for Tauhara 15 had advised the trustees that the loan was not permissible under the existing trust order. The loan terms, as...