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22/02/2024
Laws of Bangladesh

The Trusts Act, 1882

( ACT NO. II OF 1882 )

Chapter IV

OF THE RIGHTS AND POWERS OF TRUSTEES

Power to give receipts
42. Any trustees or trustee may give a receipt in writing for any money, securities or other moveable property payable, transferable or deliverable to them or him by reason, or in the exercise, of any trust or power; and, in the absence of fraud, such receipt shall discharge the person paying, transferring or delivering the same therefrom, and from seeing to the application thereof, or being accountable for any loss or misapplication thereof.

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