Right to settlement of accounts allows trustees to have trust accounts settled and obtain written acknowledgements if nothing is due. The Right to settlement of accounts allows a trustee, upon completion of duties, to have the administration of trust property examined and the accounts settled; if nothing is due to a beneficiary, the trustee is entitled to a written acknowledgement to that effect, providing finality and limiting continuing personal liability.
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.
Right to settlement of accounts allows trustees to have trust accounts settled and obtain written acknowledgements if nothing is due.
The Right to settlement of accounts allows a trustee, upon completion of duties, to have the administration of trust property examined and the accounts settled; if nothing is due to a beneficiary, the trustee is entitled to a written acknowledgement to that effect, providing finality and limiting continuing personal liability.
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