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Section 63

If it appears to the Court that a trustee, whether appointed by the

of Trustee Act 1949

ActIn forceProvision 63 of 69
Section 63

Court or otherwise, is or may be personally liable for any breach of trust, whether the transaction alleged to be a breach of trust occurred before or after the commencement of this Act, but has acted honestly and reasonably, and ought fairly to be excused for the breach of trust and for omitting to obtain the directions of the Court in the matter in which he committed such breach, then the Court may relieve him either wholly or partly from personal liability for the same.