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Indian Trust Act easy to understand

Indian Trust Act easy to understand

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Published by pradeep kumar patra
Indian Trust Act made easy
Indian Trust Act made easy

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Categories:Business/Law, Finance
Published by: pradeep kumar patra on Sep 02, 2009
Copyright:Attribution Non-commercial

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08/07/2013

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The IndianTrust Act, 1882
Pradeep Kumar PatraBaripada, Orissa
 
Indian Trust Act, 1882Indian Trust Act, 1882
 
INDIAN TRUST ACT1982
 Sec. 3. TRUST is an obligationannexed to the ownership of property, arising out of confidencereposed in and accepted by theowner or declared and accepted byhim for the benefit of another oranother and the owner.
 
Indian Trust Act, 1882Indian Trust Act, 1882
(i) The person who reposes ordeclares the confidence is called theAuthor of the Trust or settler.
(ii) The person who accepts theconfidence is called the Trustee.
(iii) The person for whose benefit theconfidence is accepted is calledbeneficiary.
(iv) The subject matter of the trust iscalled the Trust Property or Trustmoney.

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