Trustee impartiality: trustees must not favour one beneficiary over another, and reasonable good faith discretion is protected. Trustees must act impartially among multiple beneficiaries and must not advantage one at another's expense. When a trustee holds an express discretionary power, courts will not interfere with its reasonable and good-faith exercise; a bona fide choice among authorized modes of investment that alters beneficiaries' relative rights will generally be respected.
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.
Trustee impartiality: trustees must not favour one beneficiary over another, and reasonable good faith discretion is protected.
Trustees must act impartially among multiple beneficiaries and must not advantage one at another's expense. When a trustee holds an express discretionary power, courts will not interfere with its reasonable and good-faith exercise; a bona fide choice among authorized modes of investment that alters beneficiaries' relative rights will generally be respected.
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