Bare Act
The Sir Currimbhoy Ebrahim Baronetcy (Repeal and Distribution of Trust Properties) Act, 1959
The Sir Currimbhoy Ebrahim Baronetcy (Repeal and Distribution of Trust Properties) Act, 1959, is a legislative instrument enacted to dissolve the specific trust corporation managing the estate of the Sir Currimbhoy Ebrahim Baronetcy. The Act effectively repeals the previous Baronetcy Act, terminates the existing trust, and transfers all movable and immovable properties—including specific buildings in Bombay and Poona—to the Official Trustee. The primary purpose of this law is to facilitate the orderly inventory, management, and eventual distribution of these assets to the rightful claimants, while providing a legal framework for resolving disputes and protecting the Official Trustee from liability for actions taken in good faith.
- 1. Short title and commencement
- 2. Definitions
- 3. Repeal of Act IV of 1913 and revocation of trusts
- 4. Power of Official Trustee to make inventory of trust properties and to hold and manage the same till distribution among the persons rightfully entitled thereto
- 5. Notice to submit claims
- 6. Submission of claims
- 7. Distribution of trust properties by Official Trustee
- 8. Powers of Official Trustee to hold and manage trust properties
- 9. Power of Official Trustee to invest moneys vested in him
- 10. Act not to affect other rights and interests
- 11. Indemnity to Corporation and members thereof
- 12. Protection of action taken in good faith
- 13. Official Trustees Act, 1913, not to Apply
- I. SCHEDULE
PDF: pending for this language.