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Trusts Act 2019

Trustees’ duties and information obligations - Duties of trustee - Default duties

38: Duty to act unanimously

You could also call this:

"Trustees must all agree on decisions together"

Illustration for Trusts Act 2019

When there is more than one trustee, you must all agree on what to do. You have to make decisions together and everyone has to agree. This means that if you are a trustee with others, you cannot make a decision without everyone else agreeing to it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382917.

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39: Adviser must alert settlor to modification or exclusion of default duty, or

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Part 3Trustees’ duties and information obligations
Duties of trustee: Default duties

38Duty to act unanimously

  1. If there is more than 1 trustee, the trustees must act unanimously.