Indian Trusts Act,1882

Act No : 2

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Section : Saving of rights of certain transferees

64. Saving of rights of certain transferees.-Nothing in section63 entitles the beneficiary to any right in respect of property in thehands of-- (a) a transferee in good faith for consideration without having notice of the trust, either when the purchase- money was paid, or when the conveyance was executed, or (b) a transferee for consideration from such a transferee. A judgement-creditor of the trustee attaching and purchasingtrust-property is not a transferee for consideration within themeaning of this section. Nothing in section 63 applies to money, currency notes andnegotiable instruments in the hands of a bona fide holder to whom theyhave passed in circulation, or shall be deemed to affect the IndianContract Act, 1872 (9 of 1872), section 108, or the liability of aperson to whom a debt or charge is transferred.

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