Statute
Section 41 — Trusts Act 2019: Restriction on trustee indemnity clauses
Text of the provision Official document
41 Restriction on trustee indemnity clauses The terms of a trust must not give a trustee any indemnity against the trust property for liability for any breach of trust arising from the trustee’s dishonesty, wilful misconduct, or gross negligence.
Official source: legislation.govt.nz
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