section 70
Avoidance of voluntary trusts
The Karnataka Education Act, 1983Education1983156 sections18 chapters
Chapter XII TAKING OVER OF MANAGEMENT, REQUISITIONING AND ACQUISITION OF
Statutory text
Any transfer of property, movable or immovable, or any delivery of goods made by or on behalf of the educational institution (not being a transfer or delivery made in the ordinary course of transaction or in favour of a purchaser for valuable consideration and in good faith), if made within a period of one year immediately preceding the date aforesaid, shall be void as against the Government or the special officer, as the case may be.
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