Statute
Section 131 — Trusts Act 2019: Court may relieve trustee from personal liability
Text of the provision Official document
131 Court may relieve trustee from personal liability (1) The court may relieve a trustee who is or may be personally liable for any breach of trust from personal liability for the breach if it appears to the court that— (a) the trustee has acted honestly and reasonably; and (b) the trustee ought fairly to be excused for the breach of trust. (2) The court may relieve the trustee in whole or in part.
Official source: legislation.govt.nz
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