Relief to agents and trustees

Relief to agents and trustees.—No agent or trustee who is liable to pay any improvement expenses or other sum under this Act shall be liable to pay the same or to be subjected to any penalty for non-payment thereof, if it is proved to the satisfaction of the commissioner that he has not, and since the date of the service on him of a notice of demand has not had, in his hands sufficient money belonging to his principal or the trust property to satisfy the same.