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The Trusts Act, 1882

( ACT NO. II OF 1882 )

Chapter V

OF THE DISABILITIES OF TRUSTEES

Co-trustees may not lend to one of themselves
54. A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on mortgage by, or on the personal security of, himself or one of his co-trustees.
 
 

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