Purchase by Trustee of Claims Against Trust Fund

18 GCA § 66206 — under Trusts for the Benefit of Third Persons.

18 GCA § 66206

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. SOURCE: CC § 2253. NOTE: No 1970 Civil Code '§ 2264-2266 existed.

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ARTICLE 3 POWERS OF TRUSTEES