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Section 42 – The Indian Trusts Act, 1882

The Indian Trusts Act, 1882

 

42. Power to give receipts

 

Any trustee or trustees may give a receipt in writing for any money, securities or other movable property payable, transferable or deliverable to them or him by reason, or in exercise, of any trust or power; and, in the absence of fraud, such receipt shall discharge the person paying, transferring or delivering, the same therefrom, and from seeing to the application thereof, or being accountable for any loss or misapplication thereof.

 

 

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The Indian Trusts Act, 1882

 

Indian Laws – Bare Acts

 

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