Part 1Trusts
Chapter 3Powers and duties of trustees
Breach of duty etc.
I132Breach of fiduciary duty at instigation or request of beneficiary or with consent of beneficiary
1
This section applies where a trustee is in breach of a fiduciary duty—
a
at the instigation or request of a beneficiary, or
b
with the written consent of a beneficiary.
2
The court may if it thinks fit make such order, assigning by way of indemnity all or part of the beneficiary’s interest in the trust property to the trustee or (as the case may be) to any person claiming through the trustee, as seems to the court to be just.
3
This section applies—
a
irrespective of when the trust was created, but
b
only as respects a breach of a fiduciary duty occurring after the section comes into force.