s.14Improper employment of trust property for partnership purposes
14
Section 14Part 3Relations of Partners to Persons Dealing With Them

Improper employment of trust property for partnership purposes

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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 that this section shall not —
affect any liability incurred by any partner by reason of that partner having notice of a breach of trust;
prevent trust money from being followed and recovered from the firm if still in its possession or under its control.