A mother had left shares her in a company to three daughters for life with remainder to their children who should attain 21. The three daughters and their children directed the trustees to appoint the eldest of the daughters as their proxy, or to vote in a certain way on the resolutions at the meeting of the company. The trustees declined stating that they would use their votes in accordance with their discretion. The beneficiaries applied to court to direct the trustees to comply with their directions.
Held: The court refused the application.
Judges:
Upjohn J
Citations:
[1954] 1 WLR 5, [1953] 2 All ER 1558
Cited by:
Cited – Ingram and Palmer-Tomkinson (Executors of the Estate of Lady Jane Lindsay Morgan Ingram Deceased) v Commissioners of Inland Revenue CA 28-Jul-1997
The deceased had first conveyed property to her solicitor. Leases back were then created in her favour, and then the freeholds were conveyed at her direction to her children and grandchildren. They were potentially exempt transfers.
Held: . .
Lists of cited by and citing cases may be incomplete.
Trusts
Updated: 30 April 2022; Ref: scu.223770
