Trust-like duties for holders of beneficial property impose fiduciary liabilities while allowing remuneration for cultivation and contractual leasing. Holders of property under the chapter are subject, so far as may be, to the same duties, liabilities and disabilities as if they were trustees for the beneficiary; provided that lawful cultivation or commercial employment entitles the holder to reasonable remuneration, and where possession arises from a contract with the beneficiary or through their claim the holder may, without court permission, become lessee or mortgagee of the property or part thereof.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trust-like duties for holders of beneficial property impose fiduciary liabilities while allowing remuneration for cultivation and contractual leasing.
Holders of property under the chapter are subject, so far as may be, to the same duties, liabilities and disabilities as if they were trustees for the beneficiary; provided that lawful cultivation or commercial employment entitles the holder to reasonable remuneration, and where possession arises from a contract with the beneficiary or through their claim the holder may, without court permission, become lessee or mortgagee of the property or part thereof.
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