LIABILITY OF TRUSTEES.
Melbournk, this day,
Trustees in the estate of the late Judge Kerferd invested the sum of in the stocks of certain banks which have undergone reconstruction, and the estate is liable for ,£5,000 in calls. Action has been taken to compel the trustees to pay the capital and the amount of calls, it being alleged they had not exercised proper discretion in investing. The judge held that the trustees had acted honestly, and therefore were not liable.
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Bibliographic details
Auckland Star, Volume XXIV, Issue 289, 6 December 1893, Page 5
Word Count
80LIABILITY OF TRUSTEES. Auckland Star, Volume XXIV, Issue 289, 6 December 1893, Page 5
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