The failure to do so is a breach of the duty to be active.
3. While the Trust Land and Trust Property is to be held and used for the benefit of the Beneficial
Owners, the Beneficial Owners are not the legal owners and they have no right (legal or
otherwise) to instruct the Trustees how to manage and deal with Trust Land and Trust Property.
Comment Box
While the land and any other property vested in the trust is held and used for the benefit of the beneficial
owners, the beneficial owners are not the legal owners.
Māori custom.
10. The owner of a beneficial interest in land. Where land is vested in trustees,
the trustees own the land as legal owners on behalf of the beneficiaries.