A trustee may, if and as he thinks fit,—
(d) accept any composition or any security, real or personal, for any debt or for any property, real or personal, claimed; or
(g) compromise, compound, abandon, submit to arbitration, or otherwise settle any debt, account, claim, or thing whatever relating to the trust or to the trust property,—
and for any of those purposes may enter into, give, execute, and do such agreements, instruments of composition or arrangement, releases, and other things as to him seem expedient, without being responsible for any loss occasioned by any act or things so done by him in good faith.
Compare: 1908 No 200 s 110; 1924 No 33 s 2(2); 1925 No 14 s 35 (NSW); Trustee Act 1925 s 15 (UK)
Section 20(dd): repealed, on 6 April 1974, by section 8(2)(a) of the Trustee Amendment Act 1974 (1974 No 15).