https://www.taxtmi.com/caselaws?id=292017 Claims seeking to make good trust losses caused by a trustee's omission to collect trust monies fall under the residuary limitation provision rather than the provision for compensation for independent malfeasance, misfeasance or non-feasance. Limitation begins when the right to sue accrues to a person competent to sue. For a sole defaulting trustee, this may await appointment of a new trustee; non-liable co-trustees may sue when the loss occurs, while private beneficiaries may ordinarily sue from the breach date. en-us Fri, 03 Dec 1937 00:00:00 +0530 Fri, 04 Dec 2020 13:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292017 Claims seeking to make good trust losses caused by a trustee's omission to collect trust monies fall under the residuary limitation provision rather than the provision for compensation for independent malfeasance, misfeasance or non-feasance. Limitation begins when the right to sue accrues to a person competent to sue. For a sole defaulting trustee, this may await appointment of a new trustee; non-liable co-trustees may sue when the loss occurs, while private beneficiaries may ordinarily sue from the breach date. Case-Laws Indian Laws Fri, 03 Dec 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292017