s 270
In forcePower of court to relieve member of land trust from personal liability
Part 21Application of Trusts Act 2025
Division 2Powers of Supreme Court and District Court
270 Power of court to relieve member of land trust from personal liability
(1)
This section applies if it appears to the court that a member of a land trust is or may be personally liable for a breach of trust by the member, another member or the land trust.
(2)
If it appears to the court that the member—
(a)
has acted honestly and reasonably; and
(b)
ought fairly to be excused for the breach of trust or for omitting to obtain the directions of the court in the matter in which the member, the other member or the land trust committed the breach;
the court may relieve the member wholly or partly from personal liability for the breach.
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