Section 54

Co-trustees may not lend to one of themselves.

The Indian Trust Act, 1882

  • Act 2 of 1882
  • Ministry of Law and Justice
  • Legislative Department
About this Act

An Act to define and amend the law relating to Private Trusts and Trustees.

All sections
    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.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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