sec.134Trustee not liable for losses

sec.134 Trustee not liable for losses

A trustee is not liable for any loss that may be incurred in relation to an amount of trust income or of relevant capital that is paid or applied, or a part of relevant capital that is applied, as mentioned in section 132 (1) if the loss arises— because of a failure to impose any or adequate conditions under section 132 (2) ; or without limiting paragraph (a) , because of a failure to take security or adequate security; or because of a failure to take action to protect any security taken; or through the release or abandonment, without payment, of any security taken; or from any other matter in relation to the conditions imposed or the waiver of any condition.

• (a) because of a failure to impose any or adequate conditions under section 132 (2) ; or
• (b) without limiting paragraph (a) , because of a failure to take security or adequate security; or
• (c) because of a failure to take action to protect any security taken; or
• (d) through the release or abandonment, without payment, of any security taken; or
• (e) from any other matter in relation to the conditions imposed or the waiver of any condition.