Power of court to relieve member of land trust from personal liability

Current

(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.

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.

175 Power of court to relieve member of land trust from personal liability