Neglect or misapplication of assets by guardian of a child’s estate

Where a guardian of the estate of a child, whether or not that guardian is also a guardian of the person of the child—
(a) neglects to recover or safeguard the estate of a child, or
(b) misplaces any asset forming part of the estate of the child, or
(c) subjects the estate to loss or damage, the guardian shall be liable to make good any loss or damage thereby
occasioned, whether or not he is guilty of an offence on that account.