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Section 39 – The Unit Trust of India Act,1963

The Unit Trust of India Act,1963

Section 39. No trust to be taken notice of and protection from attachment

(1) No notice of a trust, express, implied or constructive, shall be receivable by the Trust.

(2) The amount standing to the credit of a contributing institution shall not be liable to attachment under any decree or order of any court in respect of any debt or liability incurred by the contributing institution.

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The Unit Trust of India Act,1963

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