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    <title>Several liability of co-trustees.</title>
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    <description>Where co-trustees jointly breach trust or one&#039;s neglect enables another&#039;s breach, each trustee is liable to the beneficiary for the whole loss. Between trustees, a less culpable trustee who has refunded the loss may compel the more culpable trustee (or that trustee&#039;s legal representative to the extent of assets received) to make good the loss; if all are equally guilty, a trustee who has refunded may compel contribution. A trustee guilty of fraud cannot sue to compel contribution.</description>
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    <pubDate>Wed, 21 Sep 2011 10:24:49 +0530</pubDate>
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      <title>Several liability of co-trustees.</title>
      <link>https://www.taxtmi.com/acts?id=15234</link>
      <description>Where co-trustees jointly breach trust or one&#039;s neglect enables another&#039;s breach, each trustee is liable to the beneficiary for the whole loss. Between trustees, a less culpable trustee who has refunded the loss may compel the more culpable trustee (or that trustee&#039;s legal representative to the extent of assets received) to make good the loss; if all are equally guilty, a trustee who has refunded may compel contribution. A trustee guilty of fraud cannot sue to compel contribution.</description>
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      <pubDate>Wed, 21 Sep 2011 10:24:49 +0530</pubDate>
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