Bare ActsIndian Trusts 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 or 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.

Section 54 – Indian Trusts Act, 1882 | DailyLaw.ai