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of <h1>New Trustee Appointment Under Indian Trusts Act Sections 73 & 74: Property Vesting and Trustee Responsibilities Explained.</h1> When a new trustee is appointed under the Indian Trusts Act, 1882, Sections 73 or 74, all trust property vested in the current trustees or the legal representative of any trustee transfers to the new trustee. This vesting can be solely in the new trustee or jointly with existing trustees. The newly appointed trustee, whether appointed by a court or otherwise, holds the same powers, authorities, and responsibilities as if they were originally nominated by the trust's creator.
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