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Home/Legislation/Duties Act 2001/sec.65

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Duties Act 2001

sec.65Liability of joint trustees

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### sec.65 Liability of joint trustees If a trust has 2 or more trustees, the trustees are jointly and severally liable for any transfer duty imposed.

Previous sectionsec.64Liability to pay transfer duty on creation or termination of trust Next sectionsec.66When no transfer duty on trust acquisition or trust surrender

Section sec.65 - Duties Act 2001 - Liability of joint trustees — Zoe