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of <h1>Section 67: Partner-Trustee Misuse of Trust Property for Partnership Purposes and Liability for Informed Partners</h1> Section 67 of the Indian Trusts Act, 1882, addresses the wrongful use of trust property by a partner-trustee for partnership purposes. If a partner, acting as a trustee, improperly uses trust property for the partnership, other partners are not personally liable to the beneficiaries unless they were aware of the breach. Partners with such knowledge are jointly and severally liable for the breach. Illustrations clarify scenarios where a partner-trustee misuses trust assets, emphasizing accountability for profits derived from such misuse and liability for knowingly participating in the breach.
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