Full legislation
s.15
Improper employment of trust property for partnership purposes
If a partner, being a trustee, improperly employs trust property in the business or on the account of the partnership, no other partner is liable for the trust property to the persons beneficially interested
therein:
Provided as
follows—
(a)
this section shall not affect any liability incurred by any partner by
reason of his having notice of a breach of trust; and
(b)
nothing in this section shall prevent trust money from being followed and
recovered from the firm, if still in its possession or under its
control.