TRUSTEES ACT 1962 - SECT 75
TRUSTEES ACT 1962 - SECT 75
75 . Breach of trust, Court may relieve trustee from personal liability for
If it appears to the
Court that a trustee, whether appointed by the Court or otherwise, is, or may
be, personally liable for any breach of trust, whether the transaction alleged
to be a breach of trust occurred before or after the commencement of this Act,
but has acted honestly and reasonably, and ought fairly to be excused for the
breach of trust and for omitting to obtain the directions of the Court in the
matter in which he committed the breach, then the Court may relieve him either
wholly or partly from personal liability for that breach.