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StatuteTrusts Act 2019

Section 130 — Trusts Act 2019: Power of court to vary or extend trustees’ powers in relation to property

Text of the provision Official document

130 Power of court to vary or extend trustees’ powers in relation to property (1) The court may vary or extend the powers of the trustees of a trust if— (a) the court considers that the variation or extension is necessary or desirable for the proper management or administration of the trust property; and (b) the variation or extension does not alter a beneficiary’s interest under the trust; and (c) the variation or extension does not involve a power to distribute trust property to a beneficiary. (2) An application for an order may be made by— (a) a trustee of the trust; or (b) a beneficiary of the trust.

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.