Indian Trusts Act, 1882

Section - 43 - Power to compound, etc

Power to compound, etc.

43. Two or more trustees acting together may, if and as they think fit,-

(a)	-	accept any composition or any security for any debt or for any property claimed;
(b)	-	allow any time for payment of any debt;
(c)	-	compromise, compound, abandon, submit to arbitration or otherwise settle any debt, account, claim or thing whatever relating to the trust; and
(d)	-	for any of those purposes, enter into, give, execute and do such agreements, instruments of composition or arrangement, releases and other things as to them seem expedient, without being responsible for any loss occasioned by any act or thing so done by them in good faith.

The powers conferred by this section on two or more trustees acting together may be exercised by a sole acting trustee when by the instrument of trust, if any, a sole .... To read the full section download the app from Google Play store