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Indian Trusts Act-1882

Indian Trusts Act-1882

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Published by: vkailash12 on Feb 11, 2010
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08/07/2013

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1882 
K.R.Raja,M.S.W. Social WorkPondicherry University. 
The Indian Trusts Act, 1882 
 
TheIndianTrustsAct,1882
-----------------------------------------------------------(Actno.2of1882)
CONTENTS
SectionsParticulars
Preamble
CHAPTERIPRELIMINARY
1Shorttitleandcommencement2Repealofenactment's3Interpretation-clause"Trust"4Lawfulpurpose
CHAPTERIIOFTHECREATIONOFTRUSTS
5Trustofimmovableproperty6Creationoftrust7Whomaycreatetrusts8Subjectoftrust9Whomaybebeneficiary10Whomaybetrustees
CHAPTERIIIOFTHEDUTIESANDLIABILITIESOFTRUSTEES
11Trusteetoexecutetrust12Trusteetoinformhimselfofstateoftrustproperty13Trusteetoprotecttitletotrust-property14Trusteenottosetuptitleadversetobeneficiary15Carerequiredfromtrustee16Conversionofperishableproperty17Trusteetobeimpartial18Trusteetopreventwaste19Accountsandinformation20Investmentoftrustmoney20APowertopurchaseredeemablestockatapremium21MortgageoflandpledgedtoGovernmentunderAct26of1871.DepositinGovernmentSavingsBank 22Salebytrusteedirectedtosellwithinspecifiedtime23Liabilityforbreachoftrust24Noset-offallowedtotrustee25Non-liabilityforpredecessor'sdefault26Non-liabilityforco-trustee'sdefault27Severalliabilitiesofco-trustees28Non-liabilityoftrusteepayingwithoutnoticeoftransferbybeneficiary
 
29Liabilityoftrusteewherebeneficiary'sinterestisforfeitedtotheGovernment30Indemnityoftrustee
CHAPTERIVOFTHERIGHTSANDPOWERSOFTRUSTEES
31Righttotitle-deed32Righttoreimbursementofexpenses33Righttoindemnityfromgainerbybreachoftrust34RighttoapplytoCourtforopinioninmanagementoftrust-property35Righttosettlementofaccounts36Generalauthorityoftrustee37Powertosellinlots,andeitherbypublicauctionorprivatecontract38Powertosellunderspecialconditions.Powertobuy-in-andresell39Powertoconvey40Powertovaryinvestments41Powertoapplypropertyofminors,etc.,fortheirmaintenance,etc.42Powertogivereceipts43Powertocompound,etc.44Powertoseveraltrusteesofwhomonedisclaimsordies45Suspensionoftrustee'spowersbydecree
CHAPTERVOFTHEDISABILITIESOFTRUSTEES
46Trusteescannotrenounceafteracceptance47Trusteecannotdelegate48Co-trusteescannotactsingly49Controlofdiscretionarypower50Trusteemaynotchargeforservices51Trusteemaynotusetrust-propertyforhisownprofit52Trusteeforsaleorhisagentmaynotbuy53Trusteemaynotbuybeneficiary'sinterestwithoutpermission54Co-trusteesmaynotlendtooneofthemselves
CHAPTERVIOFTHERIGHTSANDLIABILITIESOFTHEBENEFICIARY
55Righttorentsandprofits56Righttospecificexecution57Righttoinspectandtakecopiesofinstrumentoftrustaccounts,etc.58Righttotransferbeneficialinterest59Righttosueforexecutionoftrust60Righttopropertrustees61Righttocompeltoanyactofduty62Wrongfulpurchasebytrustee63Followingtrust-property-intothehandsofthirdpersons,intothatintowhichithasbeenconverted64Savingofrightsofcertaintransferees65Acquisitionbytrusteeoftrust-propertywrongfullyconverted

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