24: No set off allowed to trustee
The Trusts Act · Federal Acts · Chapter III · in_force
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A trustee who is liable for a loss occasioned by a breach of trust in respect of one portion of the trust property cannot set off against his liability a gain which has accrued to another portion of the trust property through another and distinct breach of trust.
Effective date: 1882-03-01
Related sections
23: Liability for breach of trust25: Non liability for predecessor's default22: Sale by trustee directed to sell within specified time26: Non liability for co trustee's default Joining in receipt for conformity21: Mortgage of land pledged to Government under Act XIX of 1883 Deposit in Government Savings Bank27: Several liability of co trustees Contribution as between co trustees
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