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(1)This section applies where a trustee is in breach of a fiduciary duty—
(a)at the instigation or request of a beneficiary, or
(b)with the written consent of a beneficiary.
(2)The court may if it thinks fit make such order, assigning by way of indemnity all or part of the beneficiary’s interest in the trust property to the trustee or (as the case may be) to any person claiming through the trustee, as seems to the court to be just.
(3)This section applies—
(a)irrespective of when the trust was created, but
(b)only as respects a breach of a fiduciary duty occurring after the section comes into force.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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