167   Liabilities of person registered as trustee or administrator

(1)  A person registered under section 164, 165 or 166 is, while so registered, subject to the same liabilities in respect of the share as those to which he, she or it would have been subject if the share had remained, or had been, registered in the name of the dead person, the incapable person or the bankrupt.

(2)  The person registered is subject to no other liabilities in respect of the share.