Trustee indemnity limits liability to trust property actually received, excluding co trustee, banker or involuntary loss liability. Trustees are chargeable only for moneys, stocks, funds and securities they actually receive and are not answerable for co trustees, bankers, brokers, ... Summary
Trustee indemnity limits liability to trust property actually received, excluding co trustee, banker or involuntary loss liability.
Trustees are chargeable only for moneys, stocks, funds and securities they actually receive and are not answerable for co trustees, bankers, brokers, insufficiency of securities or involuntary losses, subject to the instrument of trust and statutory exceptions.
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