The Duties and Liabilities of Trustees; Six Lectures PDF Download
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Author: Augustine Birrell Publisher: Legare Street Press ISBN: 9781019984697 Category : Languages : en Pages : 0
Book Description
A comprehensive guide to the roles, responsibilities, and potential liabilities associated with being a trustee. The book covers topics such as the legal framework, investment strategies, and conflict of interest issues. It is a useful resource for anyone who acts or considering to act as a trustee for a charity, non-profit organization or any other entity. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Augustine Birrell Publisher: Legare Street Press ISBN: 9781019984697 Category : Languages : en Pages : 0
Book Description
A comprehensive guide to the roles, responsibilities, and potential liabilities associated with being a trustee. The book covers topics such as the legal framework, investment strategies, and conflict of interest issues. It is a useful resource for anyone who acts or considering to act as a trustee for a charity, non-profit organization or any other entity. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: George Luther Clark Publisher: Theclassics.Us ISBN: 9781230280295 Category : Languages : en Pages : 32
Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ... know that a bailee, executor, administrator, or trustee, is bound to keep goods always in his own hands. They are to keep them as their own, and take the same care; if, therefore, a man lodged trust money with a banker, if lost, in many cases the court has discharged the trustee, especially if lost out of the banker's hands by robbery. In the present case what has been done is what she would have done with her own, and, therefore, she is not liable for the goods so lost." It is frequently the trustee's duty not to keep personal charge of trust funds. For example, it would not be considered due care for him to keep large sums of trust money at his residence. His duty is to deposit the money in a reputable bank at his earliest opportunity; and if he fails to do so he will be liable for the loss if the money is stolen. 163. Liability of Custodians of Public Funds. Though fiduciaries are generally liable only for due care and not as insurers, there is in most jurisdictions an exception in case of a public officer--e. g., a county treasurer--whose duty it is to have custody of public funds; he is liable as an insurer. Hence, it is no defense that he deposited the money in a reputable bank in his capacity as fiduciary; if the bank fails he must bear the loss. This doctrine is based on public policy. duty not to delegate the trust to another 164. General Rule. No one is bound to accept a trust, but after once accepting it he cannot convey the trust property to another or divest himself of any part of his trust duties at his pleasure. He must either get the permission of the cestui or cestuis--which will be sufficient only when they are all sui juris--or else secure a release from the proper equity court. 165. Transferee Has...
Author: Augustine Birrell
Author: Augustine Birrell
Author: Augustine Birrell
Author: 
Author: Augustine Birrell
Author: George Willis Anamosa
Author: Augustine Birrell
Author: George Luther Clark
Author: Silas Alward
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