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53.	Trustee may not buy beneficiary’s interest without permission</title>


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                        The Trusts Act, 1882 

                        
                        
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                            <h4 style="color: #fff;"> (
                                
                                    
                                    
                                        
                                            
                                            ACT
                                        
                                        NO. II OF 1882
                                    
                                

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                    [ 13th January, 1882  ]
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                            Chapter V

                            
                            
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                            OF THE DISABILITIES OF TRUSTEES

                            
                            
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                        	Trustee may not buy beneficiary’s interest without permission

                        
                        
                    
                    
                    
                    
                
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                	53. No trustee, and no person who has recently ceased to be a trustee, may, without the permission of a principal Civil Court of original jurisdiction, buy or become mortgagee or lessee of the trust-property or any part thereof; and such permission shall not be given unless the proposed purchase, mortgage or lease is manifestly for the advantage of the beneficiary.

                
                


                
                

                
                
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