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Trustee to prevent active waste
13. Sale by trustee directed to sell within specified time. Liability for breach of trust
23 No set-off allowed to trustee
24 Non-liability for predecessor's default Non-liability for co-trustee's default . Joining in receipt for conformity Several liability of co-trustees .
27 Contribution as between co-trustees .
很 Non-liability of trustee paying without notice of transfer by beneficiary - 25 Liability of trustee where beneficiary's interest is forfeited to Government 29 Indemnity of trustees
OF THE RIGHTS AND POWERS OF TRUSTEES.
Trustee for sale or his agent may not buy
OF THE RIGHTS AND LIABILITIES OF THE BENEFICIARY.
55 56 ib. 57 58 59 60 61 62
Rights to rents and profits
into the hands of third persons .
into that into which it has been converted
OF CERTAIN OBLIGATIONS IN THE NATURE OF TRUSTS.
Saving of rights of bond fide purchasers
ACT No. II OF 1882.
PASSED BY THE GOVERNOR GENERAL OF
INDIA IN COUNCIL.
Received the assent of the Governor General on the 13th January, 1882.
An Act to define and amend the law relating to
Private Trusts and Trustees.
WHEREAS it is expedient to define and amend the law Preamble. relating to private trusts and trustees; It is hereby enacted as follows:
1. This Act may be called “The Indian Trusts Act, 1882': Short title. and it shall come into force on the first day of March, 1882. Commence
It extends in the first instance to the territories respectively Local administered by the Governor of Madras in Council, the extent. Lieutenant-Governors of the North-Western Provinces and the Panjáb, the Chief Commissioners of Oudh, the Central Provinces, Coorg and Assam ; and the Local Government may from time to time, by notification in the official Gazette, extend it to any other part of British India'. But nothing Savings. herein contained affects the rules of Muhammadan law as to waqf, or the mutual relations of the members of an undivided family as determined by any customary or personal law, or applies to public or private religious ? or charitable endow
1 That such a power is valid, see The Queen v. Burah, L. R., 5 I. A. 178 (S. C. 4 Cal. 172), per Lord Selborne.
? A suit will lie to compel the heir of the deceased manager of a Hindú temple to make good out of the
property inherited by him the defi. ciency in the devasthanam funds caused by breach of trust and misappropriation by the deceased, 4 Mad. H. C. 2.