what is trust under Indian Trust Act,1882?
1 Replies
CA Manasa
(CA)
(1479 Points)
Replied 19 December 2009
As Per Indian Trust Act 1882,
A "trust" is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner
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