Conflict of interest: trustees prohibited from lending trust funds to themselves or co-trustees, protecting beneficiary interests. A trustee or co-trustee charged with investing trust money on mortgage or personal security is strictly prohibited from investing on a mortgage by, or on the personal security of, himself or any co-trustee, thereby preventing self-dealing and protecting beneficiary 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.
Conflict of interest: trustees prohibited from lending trust funds to themselves or co-trustees, protecting beneficiary interests.
A trustee or co-trustee charged with investing trust money on mortgage or personal security is strictly prohibited from investing on a mortgage by, or on the personal security of, himself or any co-trustee, thereby preventing self-dealing and protecting beneficiary interests.
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