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          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.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Trustee liability for debenture holders: indemnity clauses void unless authorised by a debenture-holder supermajority resolution.</h1> Trustees cannot be exempted from or indemnified against liability for breach of trust where they fail to show the required degree of care and diligence; releases given before the statute remain valid, and releases or extensions of benefit may be authorised thereafter by a resolution of the requisite debenture-holder majority, applying to all trustees or to named trustees as specified, or by court-approved meeting procedures where the deed is silent.

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