This follows the abolition of section 70 of the old law which effectively made the directors of trust companies personal guarantors of the liabilities of the trust company.

旧法的第70节将信托公司董事视为信托公司负债的个人保证人，随着这一条款的废除而生效。

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Article 18 the claims arising from the administration or disposition of trust assets by the trustee may not be used to offset the liabilities incurred by the trustee's own property.

第十八条受托人管理运用、处分信托财产所产生的债权，不得与其固有财产产生的债务相抵销。

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Article 3 the trust property of a trust company shall not be a part of the inherent property of the trust company, or a part of the trust company's liabilities for the beneficiaries.

第三条信托财产不属于信托公司的固有财产，也不属于信托公司对受益人的负债。

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The objective of the Gold Trust is for the value to reflect, at any given time, the price of gold owned by the Gold Trust at that time, less the expenses and liabilities of the Gold Trust.

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The price is based on the market value of the underlying securities and includes cash and other assets and liabilities held by the trust.

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To make it work better, he thinks the Scottish trust will have to stop seeing properties as liabilities rather than opportunities.

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