Trust-property reversion: trustee who later acquires wrongfully converted trust property restores it to the trust despite bona fide intervening purchasers. Where a trustee wrongfully alienates trust assets but subsequently becomes the owner of those assets, the assets revest in the trust and continue to be held for the beneficiaries, even if intervening transferees acquired in good faith for consideration without notice.
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.
Trust-property reversion: trustee who later acquires wrongfully converted trust property restores it to the trust despite bona fide intervening purchasers.
Where a trustee wrongfully alienates trust assets but subsequently becomes the owner of those assets, the assets revest in the trust and continue to be held for the beneficiaries, even if intervening transferees acquired in good faith for consideration without notice.
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