https://www.taxtmi.com/acts?id=15230 A trustee who breaches trust is liable to make good losses to the trust or beneficiary unless the beneficiary fraudulently induced the breach or freely concurred or subsequently acquiesced with full knowledge. Interest liability arises in limited cases-actual receipt of interest, unreasonable delay in payment, an obligation to have received interest, or a presumption of receipt-entitling the beneficiary to account for interest (generally simple interest), while failures to invest or improper employment of trust-property attract compound interest or an election to account for profits or replacement of investments. en-us Wed, 21 Sep 2011 10:21:33 +0530 Wed, 21 Sep 2011 10:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15230 A trustee who breaches trust is liable to make good losses to the trust or beneficiary unless the beneficiary fraudulently induced the breach or freely concurred or subsequently acquiesced with full knowledge. Interest liability arises in limited cases-actual receipt of interest, unreasonable delay in payment, an obligation to have received interest, or a presumption of receipt-entitling the beneficiary to account for interest (generally simple interest), while failures to invest or improper employment of trust-property attract compound interest or an election to account for profits or replacement of investments. Act-Rules Trust and Society Wed, 21 Sep 2011 10:21:33 +0530 https://www.taxtmi.com/acts?id=15230