Bare ActsThe Indian Trust Act, 1882

Section 33

Right to indemnity from gainer by breach of trust.

Amendment status not verified — confirm the current text below against the official source.

A person other than a trustee who has gained an advantage from a breach of trust must indemnify the trustee to the extent of the amount actually received by such person under the breach; and where he is a beneficiary the trustee has a charge on his interest for such amount. Nothing in this section shall be deemed to entitle a trustee to be indemnified who has, in committing the breach of trust, been guilty of fraud.

Amended up to 2019-02-25View on India Code →
Section 33 – The Indian Trust Act, 1882 | DailyLaw.ai