Statute
Section 132 — Trusts Act 2019: Court may make beneficiary indemnify trustee for breach of trust
Text of the provision Official document
132 Court may make beneficiary indemnify trustee for breach of trust (1) This section applies if a trustee commits a breach of trust at the instigation or request or with the written consent of a beneficiary. (2) The court may, if it considers it appropriate, make an order indemnifying the trustee out of the beneficiary’s interest in the trust property. Compare: 1956 No 61 s 74 ; Draft Trusts Bill 2013 cl 121 (Qld)
Official source: legislation.govt.nz
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