All trustees should, if possible, join in a proof1.
Where one of two trustees who have committed a breach of trust becomes bankrupt, proof for the full amount of the trust money lost may be made against the bankrupt's estate, even though a sum by way of compromise has been received from the other trustee
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This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
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