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Section 27: Protection of action taken in good faith

DMFT Rules 2025.06.12State Rules of Rajasthan · 1957

(1) The trustees shall not be liable on account of anything done in good faith, with due diligence. The trustees shall also not be liable or responsible for any banker, broker, custodian or other person in whose hands the same may, in good faith, be deposited or placed nor for the deficiency or insufficiency in the value of any investment of the trust fund nor otherwise for any involuntary loss.

(2) The trustees and every attorney or, agent appointed by the trustees shall be entitled to be indemnified out of the trust fund in respect of all liabilities, losses and expense incurred in execution of the trust or any of the powers, authorities, and discretion vested in or delegated to them other than those arising out of gross negligence and/or willful misconduct, provided, however, that, such indemnity shall not in any event exceed the total of the contribution.

भाग4(ग) राजस्ाानराज-पत्र,जून12,2025 49

Where this provision sits

ActDMFT Rules 2025.06.12
Section27
Marginal noteProtection of action taken in good faith
JurisdictionState of Rajasthan
StatusIn force as published by the source

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