28: Non liability of trustee paying without notice of transfer by beneficiary
The Trusts Act · Federal Acts · Chapter III · in_force
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When any beneficiary's interest becomes vested in another person, and the trustee, not having notice of the vesting, pays or delivers trust property to the person who would have been entitled thereto in the absence of such vesting, the trustee is not liable for the property so paid or delivered.
Effective date: 1882-03-01
Related sections
27: Several liability of co trustees Contribution as between co trustees29: Liability of trustee where beneficiary's interest is forfetied to the Government26: Non liability for co trustee's default Joining in receipt for conformity30: Indemnity of trustees25: Non liability for predecessor's default31: Right to title deed
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