Jurisdiction of Supreme Court in cases of breach of trust

In force

If it appears to the Supreme Court—

(a)

that a trustee 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 passing of this Act); but

(b)

that the trustee 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 said court in the matter in which he has committed such breach, then the said court may relieve the trustee, either wholly or partly, from personal liability for the breach of trust.

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56 Jurisdiction of Supreme Court in cases of breach of trust