Bare ActsThe Indian Trust Act, 1882

Section 54

Co-trustees may not lend to one of themselves.

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

A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co -trustees.

Amended up to 2019-02-25View on India Code →
Section 54 – The Indian Trust Act, 1882 | DailyLaw.ai