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Section 54 – The Indian Trusts Act, 1882

The Indian Trusts Act, 1882

 

54. Co-trustees may not lend to one of themselves

 

A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co-trustees.

 

 

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The Indian Trusts Act, 1882

 

Indian Laws – Bare Acts

 

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