A TRUSTEE RESIGNS & NEW LETTERS OF AUTHORITY NOT YET ISSUED: CAN THE REMAINING TRUSTEES PASS A RESOLUTION?
Die Orffer Landgoed (Pty) Ltd v Orffer N.O and Others (17494/2024) [2025] ZAWCHC 14 (23 January 2025)
Case law repeatedly emphasises the importance of passing appropriate resolutions when a transaction is to be concluded on behalf of a trust. A question that has not yet been conclusively answered by our courts, is what the consequences are if one trustee resigns and the remaining trustees pass a resolution to sell a property prior to the Master issuing new Letters of Authority. The judgment below deals with one scenario in which the resolution passed in these circumstances is regarded as valid authority for transacting on behalf of the trust.
The judgment can be viewed here
Summary of the Judgment
SEVEN DAYS, THREE NEW PROPERTY-RELATED ACTS SIGNED INTO LAW
The President has signed three new acts into law, each of which impact property law. The Expropriation Act has received much media attention, less so the Preservation and Development of Agricultural Land Act (which repeals the Subdivision of Land Act) and the Housing Consumer Protection Act (which repeals the Housing Consumer Protection Measures Act). Below we outline the provisions of each new Act and highlight the most significant changes from a property law perspective.