18: Trustee to prevent waste — Trusts Act, 1882

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Where the trust is created for the benefit of several persons in succession and one of them is in possession of the trust property, if he commits, or threatens to commit, any act which is destructive or permanently injurious thereto, the trustee is bound to take measures to prevent such act.

Effective date: 1882-03-01

Related sections

17: Trustee to be impartial 19: Accounts and information 16: Conversion of perishable property 20: Investment of trust money 15: Care required from trustee 20A: Power to purchase redeemable stock at a premium

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