Act Number: 2

Act Name: The Indian Trust Act, 1882

Year: 1882

Enactment Date: 1882-01-13

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

Ministry: Ministry of Law and Justice

Department: Legislative Department

Section 93: Advantage secretly gained by one of several compounding creditors.
    Where creditors compound the debts due to them, and one of such creditors, by a secret arrangement with the debtor, gains an undue advantage over his co-creditors, he must hold for the benefit of such creditors the advantage so gained.
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