Cap. 331 Art. 32Dealingswiththird parties.

(1) Where in any transaction or matter affecting a trust a trustee informs a third party that he is acting as trustee, a claim by such third party in relation thereto shall extend only to the trust property.

(2) Where in any such transaction or matter a trustee fails to inform a third party that he is acting as trustee, and that party is otherwise unaware of it, the trustee -

(a) shall be personally liable to such third party in respect thereof; and

(b) shall have a right of recourse to the trust property by way of indemnity against such liability, unless the trustee acted in breach of trust.

(3) In this article "third party" means any person not being a settlor, a trustee or a beneficiary of the trust.