Section 20: Investment of trust-money.

The Indian Trusts Act, 1882Central Act · Act 2 of 1882

[20. Investment of trust-money.--Where the trust-property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee shall, subject to any direction contained in the instrument of trust, invest the money in any of the securities or class of securities expressly authorised by the instrument of trust or as specified by the Central Government, by notification in the Official Gazette:

Provided that where there is a person competent to contract and entitled in possession to receive the income of the trust-property for his life, or for any greater estate, no investment in any of the securities or class of securities mentioned above shall be made without his consent in writing.

Explanation.--For the purposes of this section, the expression “securities” shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956).]

Where this provision sits

Act	The Indian Trusts Act, 1882
Section	20
Marginal note	Investment of trust-money.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 34 of 2016. Subs. by Act 34 of 2016, s. 2, for section 20 (w.e.f. 17-4-2017).

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