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Indian Trusts Act, 1882
w w w .
L
a w y e r
S
e r v i c e s . i n
Section
Section Title
Preamble
CHAPTER I PRELIMINARY
1
Short title and commencement
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2
Repeal of enactments
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3
Interpretation-clause-"Trust"
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CHAPTER II OF THE CREATION OF TRUSTS
4
Lawful purpose
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5
Trust of immovable property
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6
Creation of trust
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7
Who may create trusts
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8
Subject of trust
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9
Who may be beneficiary
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10
Who may be trustee
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CHAPTER III OF THE DUTIES AND LIABILITIES OF TRUSTEES
11
Trustee to execute trust
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12
Trustee to inform himself of state of trust property
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13
Trustee to protect title to trust-property
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14
Trustee not to set up title adverse to beneficiary
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15
Care required from trustee
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16
Conversion of perishable property
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17
Trustee to be impartial
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18
Trustee to prevent waste
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19
Accounts and information
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20
Investment of trust money
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20A
Power to purchase redeemable stock at a premium
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21
Mortgage of land pledged to Government under Act 26 of 1871. Deposit in Government Savings Bank
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22
Sale by trustee directed to sell within specified time
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23
Liability for breach of trust
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24
No set-off allowed to trustee
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25
Non-liability for predecessor's default
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26
Non-liability for co-trustee's default
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27
Several liabilities of co-trustees
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28
Non-liability of trustee paying without notice of transfer by beneficiary
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29
Liability of trustee where beneficiary's interest is forfeited to the Government
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30
Indemnity of trustee
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CHAPTER IV OF THE RIGHTS AND POWERS OF TRUSTEES
31
Right to title-deed
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32
Right to re imbursement of expenses
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33
Right to indemnity from gainer by breach of trust
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34
Right to apply to Court for opinion in management of trust-property
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35
Right to settlement of accounts
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36
General authority of trustee
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37
Power to sell in lots, and either by public auction or private contract
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38
Power to sell under special conditions. Power to buy-in- and resell
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39
Power to convey
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40
Power to vary investments
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41
Power to apply property of minors, etc., for their maintenance, etc.
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42
Power to give receipts
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43
Power to compound, etc.
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44
Power to several trustees of whom one disclaims or dies
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45
Suspension of trustee's powers by decree
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CHAPTER V OF THE DISABILITIES OF TRUSTEES
46
Trustees cannot renounce after acceptance
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47
Trustee cannot delegate
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48
Co-trustees cannot act singly
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49
Control of discretionary power
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50
Trustee may not charge for services
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51
Trustee may not use trust-property for his own profit
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52
Trustee for sale or his agent may not buy
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53
Trustee may not buy beneficiary's interest without permission
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54
Co-trustees may not lend to one of themselves
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CHAPTER VI OF THE RIGHTS AND LIABILITIES OF THE BENEFICIARY
55
Right to rents and profits
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56
Right to specific execution
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57
Right to inspect and take copies of instrument of trust accounts, etc.
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58
Right to transfer beneficial interest
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59
Right to sue for execution of trust
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60
Right to proper trustees
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61
Right to compel to any act of duty
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62
Wrongful purchase by trustee
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63
Following trust-property-into the hands of third persons, into that into which it has been converted
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64
Saving of rights of certain transferees
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65
Acquisition by trustee of trust-property wrongfully converted
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66
Right in case of blended property
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67
Wrongful employment by partner-trustee of trust-property for partnership
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68
Liability of beneficiary joining in breach of trust
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69
Rights and liabilities of beneficiary's transferee
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CHAPTER VII OF VACATING THE OFFICE OF TRUSTEE
70
Office how vacated
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71
Discharge of trustee
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72
Petition to be discharged from trust
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73
Appointment of new trustees on death, etc.
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74
Appointment by Court
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75
Vesting of trust-property in new trustees
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76
Survival of trust
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CHAPTER VIII OF THE EXTINCTION OF TRUSTS
77
Trust how extinguished
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78
Revocation of trust
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79
Revocation not to defeat what trustees have duly done
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CHAPTER IX OF CERTAIN OBLIGATIONS IN THE NATURE OF TRUSTS
80
Where obligation in nature of trust is created
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81
Where it does not appear that transferor intended to dispose of beneficial interest
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82
Transfer to one for consideration paid by another
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83
Trust incapable of execution or executed without exhausting trust-property
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84
Transfer for illegal purpose
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85
Bequest for illegal purpose
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86
Transfer pursuant to rescindable contract
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87
Debtor becoming creditor's representative
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88
Advantage gained by fiduciary
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89
Advantage gained by exercise of undue influence
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90
Advantage gained by qualified owner
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91
Property acquired with notice of existing contract
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92
Purchase by person contracting to buy property to be held on trust
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93
Advantage secretly gained by one of several compounding creditors
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94
Constructive trusts in cases not expressly provided for
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95
Obligator's duties, liabilities and disabilities
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96
Saving of rights of bona fide purchasers
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SCHEDULE
STATUTE
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