47
CurrentLiability for losses incurred during administration
Part 6Appointment, Powers, &c., of Administrator
47 Liability for losses incurred during administration
An Administrator does not incur any personal liability for any loss incurred by the Trust or Board, or by the Administrator while acting in good faith in his or her capacity as Administrator, during his or her term of office unless the loss was attributable to –
his or her wilful misconduct; or his or her gross negligence; or his or her wilful failure to comply with any provision of this Act.
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