https://www.taxtmi.com/acts?id=15250 Two or more trustees acting together may accept composition or security for debts or claimed property, allow time for payment, compromise, abandon, submit to arbitration or otherwise settle any debt, account, claim or thing relating to the trust, and execute agreements, releases and other instruments to that end without being responsible for loss when acting in good faith; a sole acting trustee may exercise these powers only if the trust instrument so authorizes, and the section is subject to contrary intentions in the instrument and applies only to trusts created after the Act. en-us Wed, 21 Sep 2011 10:38:59 +0530 Wed, 21 Sep 2011 10:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15250 Two or more trustees acting together may accept composition or security for debts or claimed property, allow time for payment, compromise, abandon, submit to arbitration or otherwise settle any debt, account, claim or thing relating to the trust, and execute agreements, releases and other instruments to that end without being responsible for loss when acting in good faith; a sole acting trustee may exercise these powers only if the trust instrument so authorizes, and the section is subject to contrary intentions in the instrument and applies only to trusts created after the Act. Act-Rules Trust and Society Wed, 21 Sep 2011 10:38:59 +0530 https://www.taxtmi.com/acts?id=15250