An officer may attend on behalf of a trustee company, and be personally responsible
48 An officer may attend on behalf of a trustee company, and be personally responsible
In all cases in which the personal attendance of an executor, administrator, trustee, receiver, committee, guardian, liquidator, or official liquidator is required or permitted in a Court or elsewhere, a trustee company shall be entitled to make the attendance in the person of an officer of the trustee company, and the personal duties of executor, administrator, trustee, receiver, committee, guardian, liquidator, or official liquidator may be discharged on behalf of the trustee company by an officer of the company.
In every case where—
a trustee company obtains probate or letters of administration with or without the will annexed; or
a trustee company is appointed trustee, receiver, committee, guardian, liquidator, or official liquidator;
the officers of the trustee company, and the directors of the trustee company are individually and collectively in their own proper persons responsible—
to the Court; and
to any trustee, beneficiary, executor, legatee, administrator, next of kin, creditor or infant entitled to or interested in any estate that is for the time being under the administration or management of the trustee company;
and shall in their own proper persons be liable by process of attachment, commitment for contempt, or by other process to all courts having jurisdiction in that behalf in case of the improper discharge of their duties or disobedience to the rules, orders, and decrees of those courts in the same manner and to the same extent as if each such officer of the trustee company and each director, had personally obtained probate or letters of administration, or been appointed trustee, receiver, committee, guardian, liquidator, or official liquidator.
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