Any trustees or trustee may give a receipt in writing for any money, securities or other moveable property payable, transferable or deliverable to them or him by reason, or in the exercise, of any trust or power; and, in the absence of fraud, such receipt shall discharge the person paying, transferring or delivering the same therefrom, and from seeing to the application thereof, or being accountable for any loss or misapplication thereof.
Section 42: Power to give receipts.
The Indian Trusts Act, 1882Central Act · Act 2 of 1882
Where this provision sits
| Act | The Indian Trusts Act, 1882 |
|---|---|
| Section | 42 |
| Marginal note | Power to give receipts. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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