The Law of Trust - Page 389

368 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES

*(3) Appointment and Removal of the Public Trustee.

*(4) Duties, Rights and Liability of the Custodian Trustee and Managing Trustee.

*(5) Special Rules relating to the Public Trustee.

(1) Right to Reimbursement and Indemnity.

*(2) Right to discharge on completion of Trusteeship.

*(3) Right to pay Trust Funds into Court.

*XI. R IGHT OF T RUSTEES AND B ENEFICIARIES TO SEEK THE ASSISTANCE OF P UBLIC T RUSTEE OR C OURT .

*(1) Right of Official audit.

*(2) Right to take direction of Court.

*(3) Right to have Trust administered by Court.

*(4) Right to take direction of Court.

*(5) Right to have Trust administered by Court.

XII. C ONSEQUENCES OF A BREACH OF T RUST .

  1. Definition of Breach of Trusts. —Breach of trust is defined in section 3, a breach of any duty imposed on a trustee, as such, by any law for the time being in force, is called a breach of trust.

  2. Under the English Law. —Any act or neglect on the part of a trustee which is not authorized or excused by the terms of the trust instrument, or by law, is called a breach of trust.

  3. Breach of Duty. —A trustee has Duties, Right, Powers and disabilities. Only breach of duty is breach of trust.

  4. The measure of liability is the loss caused to the trust property.