Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Trustees can't lend trust funds to themselves or co-trustees under Section 54 of the Indian Trusts Act, 1882.</h1> Co-trustees are prohibited from lending trust money to themselves. According to Section 54 of the Indian Trusts Act, 1882, a trustee or co-trustee responsible for investing trust funds on mortgage or personal security is not allowed to invest in a mortgage or personal security involving themselves or any of their co-trustees. This provision ensures that trustees act in the best interest of the trust, avoiding conflicts of interest and maintaining the integrity of trust management.