Publisher's Synopsis
Excerpt from A Digest of the Law Relating to Private Trusts and Trustees
In such a state of the law it is not to be wondered at that the lay trustee should often err from ignorance of his obligations. Even the lawyer can easily go wrong. A distinguished member of the Chancery Bar, lecturing on the duties and liabilities of trustees some time since, gave an apt illustration of this' Towards the end of last sittings, he said, and almost at the close of a case relating to trustees then being tried in the Chancery Division, it became apparent from an observation made from the bench that all the four counsel engaged in the case, learned and experienced men as they were, had not considered the provisions of the most recent Trustee Act, that of 1894, though such provisions bore directly upon the subject-matter (a). It is not to be wondered at when the law, to use the lecturer's phrase, lurks in volumes of reports to be counted by hundreds or lies buried, but with a hideous power of inopportune resurrection, in some partially repealed statute.
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