The Trustee Acts : Including a Guide for Trustees to Investments
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In our eReader you can find the full English version of the book. Read The Trustee Acts : Including a Guide for Trustees to Investments Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Trustee Acts : Including a Guide for Trustees to Investments
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To quickly assess the difficulty of the text, read a short excerpt:
[22 & 23 Vict. c. 35, s. 31.J This section substantially reproduces sect. 31 of Lord St. Leonards' Act. That section gave expression to what was known as the common indemnity clause, ■which was usually inserted in instruments of trust, and it did not alter the law as then administered by Courts of Equity (see judgment of Lord Selborne, in Rr Brier {o)). " With whom any trust moneys or securi- ties may be deposited " means properly deposited {^per Lord Selborne, in the case last referred to). It... is clear that this section will not exonerate a trustee who improperly parts with the custody or control of the trust fund.
(o) (1884), 26 Ch. D. 238, 243.
94 APPOINTMENT OF TRUSTEES BY COURT.
§ 24. The trustees' expenses, including the costs of an action bond fide and reasonably brought for the protec- tion of the trust estate, are a first charge on both the income and the corpus of that estate, and may be retained out of income until they can be raised out of the corpus.
Stott V. Milne (p).
What to read after The Trustee Acts : Including a Guide for Trustees to Investments?
You can find similar books in the "Read Also" column, or choose other free books by Ellis, Arthur Lee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
[22 & 23 Vict. c. 35, s. 31.J This section substantially reproduces sect. 31 of Lord St. Leonards' Act. That section gave expression to what was known as the common indemnity clause, ■which was usually inserted in instruments of trust, and it did not alter the law as then administered by Courts of Equity (see judgment of Lord Selborne, in Rr Brier {o)). " With whom any trust moneys or securi- ties may be deposited " means properly deposited {^per Lord Selborne, in the case last referred to). It... is clear that this section will not exonerate a trustee who improperly parts with the custody or control of the trust fund.
(o) (1884), 26 Ch. D. 238, 243.
94 APPOINTMENT OF TRUSTEES BY COURT.
§ 24. The trustees' expenses, including the costs of an action bond fide and reasonably brought for the protec- tion of the trust estate, are a first charge on both the income and the corpus of that estate, and may be retained out of income until they can be raised out of the corpus.
Stott V. Milne (p).
What to read after The Trustee Acts : Including a Guide for Trustees to Investments?
You can find similar books in the "Read Also" column, or choose other free books by Ellis, Arthur Lee to read onlineMoreLess
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