Hi
Can trust property can be sold or if any one has right to transfer his right to third person after taking due consideration of monetary benifits.
puneesh (controller) 15 April 2012
Hi
Can trust property can be sold or if any one has right to transfer his right to third person after taking due consideration of monetary benifits.
Nilesh Agrawal (Lawyer) 15 April 2012
Yes, trust can sell or transfer property to any one else with due considerations. But, it has to be ensured that such transaction takes place for the benefit of the beneficiary of such trust and also no any malafide intentions should be there. One cannot transfer such property to any blood relative or close relative of a trustee.
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