58.
| (1) Every person liable to pay estate duty as trustee, or from whom estate duty is recoverable or has been recover ed on behalf of another person, may retain out of any assets coming into his possession or control, either on behalf of such other person or in his capacity as trustee, so much thereof as shall be sufficient to produce the amount of such duty, and he shall be and is hereby indemnified against any person whomsoever in respect of his retention of such assets. |
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| (2) Where any person acting as trustee has paid estate duty, and no assets of the trust come into his possession or control out of which he could retain the duty so paid, such duty shall be a debt due from the beneficiaries of the trust to the trustee. |
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| (3) Where estate duty has been paid by any person liable to pay estate duty on person, and no assets of such other possession or control out of which he could so paid, such duty shall be a debt due other person. |
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Sri Lanka Consolidated Acts