Describe the powers of trustees under the Indian Trusts Act, 1882.
CS Executive · Economic and Commercial Laws · PYQS · June 2017
Describe the powers of trustees under the Indian Trusts Act, 1882.
Answer & Explanation:
The Powers of trustees under the Indian Trusts Act, 1882 are:- He can sell the trust property where instrument of the trust so empowers him. A trustee has a power to vary investments. A trustee has a power to apply the trust property for the maintenance of property as provided in the instrument of trust. A trustee can compromise claims unless a contrary intention appears from the instrument of the trust. A trustee can give receipt for the money received on account of the trust. In case of death of one of the trustees, the other trustees have a right to act, unless contrary intention appears from the instrument of the trust.
Topics: Indian Trusts Act, 1882
Related Questions in this Topic
- Explain the doctrine of 'Cypres' in the cases of a charitable trusts. Where this doctrine is applied by the courts under...
- X, a trustee for Y, in execution of trust, sells trust property but for want of due diligence on his part, fails to rece...
- The trust property consists of land, the trustee sells the land to a purchaser for a consideration without notice of the...
- Anil bequeaths his all properties to B desiring him to divide the bulk of the property among Sunil's Children. State, wh...
- Who can create a trust and who may be a trustee ?