Indian Trusts Act,1882

Act No : 2

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Section : Indemnity of trustees

30. Indemnity of trustees.-Subject to the provisions of theinstrument of trust and of sections 23 and 26, trustees shall berespectively chargeable only for such moneys, stocks, funds andsecurities as they respectively actually receive, and shall not beanswerable the one for the other of them, nor for any banker, brokeror other person in whose hands any trustproperty may be placed, norfor the insufficiency or deficiency of any stocks, funds orsecurities, nor otherwise for involuntary losses.

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