Liability of beneficiary joining in breach of trust

Liability of beneficiary joining in breach of trust.—Where one of several beneficiaries—

1. (a) joins in committing breach of trust, or
2. (b) knowingly obtains any advantage therefrom without the consent of the other beneficiaries, or
3. (c) becomes aware of a breach of trust committed, and either actually conceals it, or does not within a reasonable time take proper steps to protect the interests of the other beneficiaries, shall be liable to make good the loss, unless such breach of trust has been compensated.