s 30 Duties of trustees
(1) A trustee shall in the execution of his duties and the exercise of his powers and discretion act with due diligence as would a prudent person to the best of his ability and skill, and observe the utmost good faith. (2) Subject to the provisions of this Act, a trustee shall carry out and administer a trust according to the terms of the trust and shall— (a) ensure that the trust property is vested in him or is otherwise under his control; and (b) in so far as it is reasonable, preserve and enhance the value of the trust property. (3) Except as otherwise permitted by this Act or as expressly provided by the terms of the trust, a trustee shall not— (a) profit, directly or indirectly, from his trusteeship; (b) cause or permit any person, other than a person properly appointed or delegated by the trustee under this Act or by the Court or pursuant to the terms of the trust, to profit, directly or indirectly, from such trusteeship; or (c) on his own account enter into any transaction with the other trustees, or relating to the trust property, which may result in such profit, without the approval of the Court. (4) A trustee shall keep accurate accounts and records of his trusteeship and shall render an account of such trusteeship as required by the terms of the trust or by an order of the Court. (5) A settlor or any of the beneficiaries may apply to the Court for an order to require the trustee to render an account of his trusteeship to any of them. (6) A trustee shall keep the trust property distinct and separate from his own property and separately identifiable from any other property of which he is a trustee or to which he is beneficially entitled.