27Court may grant relief to persons aggrieved in certain circumstances

27 Court may grant relief to persons aggrieved in certain circumstances

S. 27(1) amended by Nos 110/1986 s. 140(2), 33/2013 s. 37, 29/2024 s. 30(6).

(1) A member of a Trust who complains that the affairs of the Trust are being conducted in a manner oppressive to one or more of the members (including the complainant) may apply to the Supreme Court for an order under this section and, if the Court is of opinion that the affairs of the Trust are being so conducted and that it would be just and equitable to make an order under this section, the Court may make such order as the Court thinks fit whether for regulating the affairs of the Trust in future or for the purchase of the shares of any members by other members or by the Trust, or otherwise.

S. 27(2) amended by Nos 110/1986 s. 140(2), 57/1989
s. 3(Sch. item 2.2).

(2) Any person (whether a member of a Trust or not) who is aggrieved by anything which the Trust has done or failed to do in contravention of this Act may apply to the Supreme Court for an order under this section and, if the Court is of the opinion that the Trust has contravened this Act and that the person aggrieved has suffered injustice on that account, the Court may make such order as appears to the Court to be necessary to give proper relief to the person aggrieved.

Heading preceding s. 28 repealed by No. 9863 s. 2, new heading preceding s. 28 inserted by No. 29/2024 s. 28.

General

S. 28 repealed by No. 9863 s. 2, new s. 28 inserted by No. 29/2024 s. 28.