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JAGADEESH GOVIND (ADVOCATE)     18 March 2009

Property of Trustee

Dear Sir,

Can a trustee absorb the property in his name upon the disolve of trust.PL ADVICE

JAGADEESH



Learning

 5 Replies

Manish Singh (Advocate)     18 March 2009

DEAR Mr Govind


the answer is no. if its a private trust then this must me transferred to the benefeciary and in absence of the same their leagl heirs. if its a public trust then it must be transferred to some other trust/ society with similar objeccts as per the society registration act.

JAGADEESH GOVIND (ADVOCATE)     18 March 2009

Sir,


Thanks for the reply.


Actually the trust is a private trust and the trustees are family members.


JAGADEESH

Manish Singh (Advocate)     18 March 2009

who is the benefeciary? in case of dispute you ar bound to go to the principal civil court having jurisdiction.

BHANU RASPUTRA (ADVOCATE & SOLICITOR divyatta.r@gmail.com)     18 March 2009

my ltd.  friend manish singh is right.


if private trust then  to see object of trust  and distribution of proerty  clause / dissoution of trust clause and who are beneficiaties.

Swami Sadashiva Brahmendra Sar (Nil)     26 March 2009

you are rightly advised by mr. manish and bhanu.


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