59Implied indemnity

59 Implied indemnity (1) A trustee shall be chargeable only for money and securities actually received by him or her, notwithstanding his or her signing any receipt for the sake of conformity. (2) A trustee shall be answerable and accountable only for his or her own acts, receipts, neglects, or defaults, and not for those of any other trustee, nor for any bank, broker, or other person with whom any trust money or securities may be deposited, nor for the insufficiency or deficiency of any securities, nor for any other loss, unless the same happens through his or her own wilful neglect or default. (3) Nothing in subsections (1) and (2) shall prejudice the provisions of (4) A trustee may reimburse himself or herself, or pay or discharge out of the trust property, all expenses incurred in or about the execution of his or her trusts or powers.