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The Trusts Act, 1882

( ACT NO. II OF 1882 )

Chapter VI


Saving of rights of certain transferees
64. Nothing in section 63 entitles the beneficiary to any right in respect of property in the hands of-
(a) a transferee in good faith for consideration without having notice of the trust, either when the purchase-money was paid, or when the conveyance was executed, or
(b) a transferee for consideration from such a transferee.
A judgment-creditor of the trustee attaching and purchasing trust-property is not a transferee for consideration within the meaning of this section.
Nothing in section 63 applies to money, currency notes and negotiable instruments in the hands of a bona fide holder to whom they have passed in circulation, or shall be deemed to effect the Contract Act, 1872, section 108, or the liability of a person to whom a debt or charge is transferred.

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Ministry of Law, Justice and Parliamentary Affairs