Trustee duty to prevent waste: trustee must act to stop destructive or permanently injurious acts by a possessor. When a trust benefits several persons in succession and a beneficiary in possession commits or threatens acts destructive or permanently injurious to ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Trustee duty to prevent waste: trustee must act to stop destructive or permanently injurious acts by a possessor.
When a trust benefits several persons in succession and a beneficiary in possession commits or threatens acts destructive or permanently injurious to trust property, the trustee is obliged to take measures to prevent such acts, protecting the corpus for future beneficiaries.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.