A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co -trustees.
Section 54: Co-trustees may not lend to one of themselves.
The Indian Trusts Act, 1882Central Act · Act 2 of 1882
Where this provision sits
| Act | The Indian Trusts Act, 1882 |
|---|---|
| Section | 54 |
| Marginal note | Co-trustees may not lend to one of themselves. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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