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Trusts Act 2019

Trustees’ powers and indemnities - Trustees’ indemnities

91: Protection relating to notice when person trustee of more than 1 trust

You could also call this:

"Protection for trustees who look after more than one trust"

If you are a trustee for more than one trust, this section applies to you. You are not considered to know something about one trust just because you knew it about another trust, unless you are acting in bad faith. This means you are not expected to remember everything about each trust you are involved with.

When the law talks about a "matter" in this section, it means a document, a fact, or a thing. You can find more information about this by looking at the Trusts Act 2019 and similar laws like s 36 of a previous act. This law is here to protect you when you are acting as a trustee for many trusts.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7383000.

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Part 4Trustees’ powers and indemnities
Trustees’ indemnities

91Protection relating to notice when person trustee of more than 1 trust

  1. This section applies to a trustee acting for more than 1 trust.

  2. The trustee is not, unless the trustee is acting in bad faith, to be taken to have notice of a matter in relation to a trust only because notice of the matter is, or was, given to the trustee when acting for another trust.

  3. In this section, matter includes document, fact, and thing.

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