Indian Trusts Act, 1882
30. Indemnity of trustees
Subject to the provisions of the instrument of trust and of
sections 23 and 26, trustees shall be respectively chargeable only for such
moneys, stocks, funds and securities as they respectively actually receive, and
shall not be answerable the one for the other of them, nor for any banker,
broker or other person in whose hands any trust-property may be placed, nor for
the insufficiency or deficiency of any stocks, funds or securities, nor
otherwise for involuntary losses.