Trustee power to buy-in and re-sell permits insertion of reasonable sale stipulations and limits beneficiary liability. A trustee may include reasonable stipulations in sale contracts regarding title, buy in property at auction, rescind or vary contracts, and re-sell without being liable to beneficiaries for resulting losses; a trustee directed to sell or invest trust property has reasonable discretion as to timing, subject to the duty to effectuate the trust purpose within a sensible timeframe.
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 power to buy-in and re-sell permits insertion of reasonable sale stipulations and limits beneficiary liability.
A trustee may include reasonable stipulations in sale contracts regarding title, buy in property at auction, rescind or vary contracts, and re-sell without being liable to beneficiaries for resulting losses; a trustee directed to sell or invest trust property has reasonable discretion as to timing, subject to the duty to effectuate the trust purpose within a sensible timeframe.
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