New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Where a trust is incapable of being executed, or where

    the trust is completely executed without exhausting the trust-property, the trustee
    A must hold the trust-property with himself Correct Answer Incorrect Answer
    B must transfer the trust property to the Government Correct Answer Incorrect Answer
    C must hold the trust property for the benefit of the author of the trust or his legal representative Correct Answer Incorrect Answer
    D must dispose of the property Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 83 of Indian Trust Act Trust incapable of execution or executed without exhausting trust-property—Where a trust is incapable of being executed, or where the trust is completely executed without exhausting the trust-property, the trustee, in the absence of a direction to the contrary, must hold the trust-property, or so much thereof as is unexhausted, for the benefit of the author of the trust or his legal representative

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