Several liability of co-trustees

Several liability of co-trustees.—Any one of several trustees, each of whom is liable for a breach of trust, or where one of them is liable to commit a breach of trust, each is liable to the beneficiary for the whole of the loss occasioned by such breach. But as between the trustees themselves, each is entitled to contribution from the others for the excess of the loss beyond his share, unless the co-trustees have been guilty of fraud to institute a suit to compel contribution.