25: Non liability for predecessor's default
The Trusts Act · Federal Acts · Chapter III · in_force
Discuss this provision with AI
Where a trustee succeeds another, he is not, as such, liable for the acts or defaults of his predecessor.
Effective date: 1882-03-01
Related sections
24: No set off allowed to trustee26: Non liability for co trustee's default Joining in receipt for conformity23: Liability for breach of trust27: Several liability of co trustees Contribution as between co trustees22: Sale by trustee directed to sell within specified time28: Non liability of trustee paying without notice of transfer by beneficiary
Version 1 · Source-traceable official reference. LawHub does not modify the official record.