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StatuteTrusts Act 2019

Section 134 — Trusts Act 2019: Protection of trustee while acting under direction of court

Text of the provision Official document

134 Protection of trustee while acting under direction of court (1) A trustee acting under any direction of the court must be treated as having discharged the trustee’s duties as a trustee in relation to the direction, even though the order giving the direction is later declared invalid, overruled, set aside, or found to be otherwise ineffective. (2) However, subsection (1) does not indemnify a trustee for any act done in accordance with a direction of the court if the trustee has acted in bad faith in— (a) getting the direction; or (b) acquiescing in the court making the order or giving the direction. Compare: 1956 No 61 s 69

Official source: legislation.govt.nz

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