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Section 57 Liability for compliance with protector’s directionI1

Scotland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This section applies where a trustee complies timeously and correctly with a protector’s direction (being a direction which the protector has power to give).

(2)

In so far as such compliance comprises the breach of a duty owed to a beneficiary or third party then, except in so far as the trust deed expressly provides otherwise, the protector, and not the trustee, incurs personal liability for any resultant harm.

(3)

This section applies irrespective of when the trust was created.

Annotations

Commencement

I1

S. 57 not in force at Royal Assent, see s. 88(3)