*/
Trust and trustee – Trustee. The Chancery Division held that, on the true construction of trust deeds in respect of family land, the sons would not at any stage acquire an absolute interest in any share which passed to them on the death of the survivor of their parents. Further, the court had the power to give to retrospectively approve a transaction, which would otherwise be a breach of the self‑dealing rule, which prevented trustees from purchasing trust property.
Trust and trustee – Trustee. The Chancery Division held that, on the true construction of trust deeds in respect of family land, the sons would not at any stage acquire an absolute interest in any share which passed to them on the death of the survivor of their parents. Further, the court had the power to give to retrospectively approve a transaction, which would otherwise be a breach of the self‑dealing rule, which prevented trustees from purchasing trust property.
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Politically neutral, yet loud and clear why standing on the sidelines is not an option
