30: Indemnity of trustees
The Trusts Act · Federal Acts · Chapter III · in_force
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Subject to the provisions of the instrument of trust and of sections 23 and 26, trustees shall be respectively chargeable only for such moneys, stocks, funds and securities as they respectively actually receive and shall not be answerable the one for the other of them, nor for any banker, broker or other person in whose hands any trust property may be placed, nor for the insufficiency or deficiency of any stocks, funds or securities, nor otherwise for involuntary losses. OF THE RIGHTS AND POWERS OF TRUSTEES
Effective date: 1882-03-01
Related sections
29: Liability of trustee where beneficiary's interest is forfetied to the Government31: Right to title deed28: Non liability of trustee paying without notice of transfer by beneficiary32: Right to reimbursement of expenses Right to be recouped for erroneous over payment27: Several liability of co trustees Contribution as between co trustees33: Right to indemnity from gainer by breach of trust
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