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Central Act

54

Section 54. Co-trustees may not lend to one of themselves.

The Indian Trusts Act, 1882

In forceAll India (Central Act)

54. Co-trustees may not lend to one of themselves. A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co -trustees.

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