section 52
And no trustee whose duty it is to buy or to obtain a mortgage or lease of particular property for the beneficiary may buy it, or any part thereof, for himself.
The Jammu and Kashmir Trusts Act, 1977Civil197784 of 85 sections available4 chapters
Chapter 2 Chapter 2
Statutory text
Co-trustees may not lend to one of themselves Co-trustees may not lend to one of themselves.-A trustee or co-trustees whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co-trustees.
Study data processing for this section.
Some statutory text is still being prepared for this language version.
PDF: pending for this language.