Skip to content

The Trusts Act, 1882

Section 30Indemnity of trustees

In forceChapter III OF THE DUTIES AND LIABILITIES OF TRUSTEES

Chapter III OF THE DUTIES AND LIABILITIES OF TRUSTEES

s. 30

30. Indemnity of trustees 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.

End of s. 30.

Read the contents: The Trusts Act, 1882