55-3-12. Purchase by trustee of claims against trust property.
51 words·~1 min read·
/sd/title-55/chapter-55-3/55-3-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee cannot enforce any claim against the trust property which he purchases after or in contemplation of his appointment as trustee; but he may be allowed by any competent court to charge to the trust property what he has in good faith paid for the claim, upon discharging the same.