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Report No. 17

Section 27.- In section 27 of the principal Act, for the first paragraph, the following paragraph shall be substituted, namely:-

"Where co-trustees jointly commit a breach of trust, or where one of them becomes liable under the proviso to section 26 for any breach of trust committed by his co-trustee, each is liable to the beneficiary for the whole of the loss occasioned by such breach.".

Trusts Act, 1882 Back

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