21. Mortgage of land pledged to Government under Act 26 of 1871—Deposit in Government Savings Bank.—Nothing in section 20 shall apply to investments made before this Act comes into force, or shall be deemed to preclude an investment on a mortgage of immovable property already pledged as security for an advance under the Land Improvement
20. Investment of trust-money.—Where the trust property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee is bound (subject to any direction contained in the instrument of trust) to invest the money on the following securities and on no others:— (a) in promissory notes,
19. Accounts and information.—A trustee is bound (a) to keep clear and accurate accounts of the trust property, and (b) at all reasonable times, at the request of the beneficiary to furnish him with full and accurate information as to the amount and state of the trust property. Complete: The Indian Trusts Act, 1882
18. Trustee to prevent waste.—Where the trust is created for the benefit of several persons in succession, and one of them is in possession of the trust property, if he commits or threatens to commit, any act which is destructive or permanently injurious thereto, the trustee is bound to take measures to prevent such act.
17. Trustee to be impartial.—Where there are more beneficiaries than one, the trustee is bound to be impartial, and must not execute the trust for the advantage of one at the expense of another. Where the trustee has a discretionary power, nothing in this section shall be deemed to authorise the Court to control the
16. Conversion of perishable property.—Where the trust is created for the benefit of several persons in succession, and the trust property is of a wasting nature or a future or reversionary interest, the trustee is bound, unless an intention to the contrary may be inferred from the instrument of trust, to convert the property into
15. Care required from trustee.—A trustee is bound to deal with the trust property as carefully as a man of ordinary prudence would deal with such property if it were his own; and, in the absence of a contract to the contrary, a trustee so dealing is not responsible for the loss, destruction, or deterioration
14. Trustee not to set up title adverse to beneficiary.—The trustee must not for himself or another set up or aid any title to the trust property adverse to the interest of the beneficiary. Complete: The Indian Trusts Act, 1882
13. Trustee to protect title to trust property.—A trustee is bound to maintain and defend all such suits, and (subject to the provisions of the instrument of trust) to take such other steps as, regard being had to the nature and amount or value of the trust property, may be reasonably requisite for the preservation
12. Trustee to inform himself of state of trust property.—A trustee is bound to acquaint himself, as soon as possible, with the nature and circumstances of the trust- property; to obtain, where necessary, a transfer of the trust property to himself; and (subject to the provisions of the instrument of trust) to get in trust-moneys