Breach of trust definition

Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;
Breach of trust. The provisions of this Section 15 will not apply to any obligation or liability of Party B to the extent that it is not satisfied because under the Master Trust Deed, the corresponding Series Supplement or any other corresponding Transaction Document or by operation of law there is a reduction in the extent of Party B's indemnification out of the Assets of the relevant Series Trust, as a result of Party B's fraud, negligence or wilful default.
Breach of trust. ’ means a wrong- ful act, use, misappropriation, or omis- sion with respect to any property or fund which has been committed to a person in a fiduciary or official capac- ity, or the misuse of one’s official or fi- duciary position to engage in a wrong- ful act, use, misappropriation, or omis- sion.

Examples of Breach of trust in a sentence

  • Breach of trust is noticed during any stage of the consultancy assignment.


More Definitions of Breach of trust

Breach of trust means any criminal act or an element of a criminal act by an applicant, including but not limited to an act that constitutes or involves misuse, misapplication or misappropriation of the following:
Breach of trust means a violation by the trustee of any duty which is owed to the settlor or beneficiary.
Breach of trust means a breach of any duty imposed on a trustee of the trust, as such, by any law for the time being in force.
Breach of trust. ’ means a wrong- ful act, use, misappropriation, or omis-
Breach of trust means a violation by the trustee of any duty
Breach of trust means a violation by a trustee of a duty the trustee owes to a beneficiary.
Breach of trust means a violation by a trust director or trustee of a duty