joint trustee

JOINT TRUSTEES. Two or more persons who are entrusted with property for the 
benefit of one or more others. 
     2. Unlike joint executors, joint trustees cannot act separately, but 
must join both in conveyances and receipts, for one cannot sell without the 
others, or receive more of the consideration money, or be more a trustee 
than his partner. The trust having been given to the whole, it requires 
their joint act to do anything under it. They are not responsible for money 
received by their co-trustees, if the receipt be given for the mere purposes 
of form. But if receipts be given under circumstances purporting that, the 
money, though not received by both, was under the control of both, such a 
receipt shall charge, and the consent that the other shall misapply the 
money, particularly where he has it in his power to secure it, renders him 
responsible. 11 Serg. & Rawle, 71. See 1 Sch. & Lef. 341; 5 Johns. Ch. R. 
283; Fonb. Eq. B. 2, c. 7, s. 5; Bac. Abr. Uses and Trusts, K; 2 Bro. Ch. 
R. 116; 3 Bro. Ch. R. 112. In the case of the Attorney General v. Randall, a 
different doctrine was held. Id. pl. 9.