Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Trust Property Control Act, 1988 (Act No. 57 of 1988)9. Care, diligence and skill required of trustee |
| (1) | A trustee shall in the performance of his duties and the exercise of his powers act with the care, diligence and skill which can reasonably be expected of a person who manages the affairs of another. |
| (2) | Any provision contained in a trust instrument shall be void in so far as it would have the effect of exempting a trustee from or indemnifying him against liability for breach of trust where he fails to show the degree of care, diligence and skill as required in subsection (1). |
