Prohibition on self-dealing bars trustees from using trust property for personal profit or unrelated purposes. A trustee is prohibited from using or dealing with trust property for his own profit or for any purpose unconnected with the trust; this prohibition on self-dealing embodies a central fiduciary duty requiring trustees to confine all dealings to the trust's purposes and beneficiaries' interests.
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.
Prohibition on self-dealing bars trustees from using trust property for personal profit or unrelated purposes.
A trustee is prohibited from using or dealing with trust property for his own profit or for any purpose unconnected with the trust; this prohibition on self-dealing embodies a central fiduciary duty requiring trustees to confine all dealings to the trust's purposes and beneficiaries' interests.
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