https://www.taxtmi.com/acts?id=15260 Trustees and recent ex-trustees may not buy, become mortgagee, or become lessee of trust property or a beneficiary's interest without prior permission, which must be allowed only if the proposed transaction is manifestly for the beneficiary's advantage. Additionally, any trustee whose duty is to purchase or to obtain a mortgage or lease of specified property for the beneficiary is barred from acquiring any part of that property for himself to avoid conflicts arising from duties to purchase. en-us Wed, 21 Sep 2011 10:46:06 +0530 Wed, 21 Sep 2011 10:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15260 Trustees and recent ex-trustees may not buy, become mortgagee, or become lessee of trust property or a beneficiary's interest without prior permission, which must be allowed only if the proposed transaction is manifestly for the beneficiary's advantage. Additionally, any trustee whose duty is to purchase or to obtain a mortgage or lease of specified property for the beneficiary is barred from acquiring any part of that property for himself to avoid conflicts arising from duties to purchase. Act-Rules Trust and Society Wed, 21 Sep 2011 10:46:06 +0530 https://www.taxtmi.com/acts?id=15260