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of <h1>Trustee Roles Under Indian Trusts Act, 1882: Competence Required for Discretionary Duties; Acceptance and Disclaimer Rules Explained.</h1> Under the Indian Trusts Act, 1882, any person capable of holding property can serve as a trustee, but if the trust requires discretion, the trustee must be competent to contract. No individual is obligated to accept a trust. Acceptance can be indicated through words or actions, while a trustee may disclaim a trust within a reasonable time, preventing the trust property from vesting in them. If one co-trustee disclaims, the property vests in the remaining trustee(s). Illustrations clarify acceptance through actions like proving a will, selling property, or appropriating assets for specified purposes.
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