Indian Trusts Act, 1882
Section - 83 - Trust incapable of execution or executed without exhausting trust-property
Trust incapable of execution or executed without exhausting trust-property.
83. Where a trust is incapable of being executed, or where the trust is completely executed without exhausting the trust-property, the trustee, in the absence of a direction to the contrary, must hold the trust-property, or so much thereof as is unexhausted, for the benefit of the author of the trust or his legal representative.
Illustrations
| (a) | - | A conveys certain land to B- |
| - | "upon trust," and no trust is declared; or | |
| - | "upon trust to be thereafter declared," and no such declaration is ever made; or | |
| - | upon trusts that are to vague to be executed; or | |
| - | .... To read the full section download the app from Google Play store
|
CAclubindia
