Section 64 of the Indian Trust Act, 1882 – Saving of rights of certain transferees

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Section 64: Saving of rights of certain transferees

Nothing in section 63 entitles the beneficiary to any right in respect of property in the hands 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 judgment-creditor of the trustee attaching and purchasing trust-property is not a transferee for consideration within the meaning of this section. Nothing in section 63 applies to money, currency notes and negotiable instruments in the hands of a bona fide holder to whom they have passed in circulation, or shall be deemed to affect the Indian Contract Act, 1872 (9 of 1872), section 108, or the liability of a person to whom a debt or charge is transferred.

Source: official text of The Indian Trust Act, 1882 as published on India Code (PDF). All sections of the Indian Trust Act, 1882.

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  3. The Transfer of Property Act, 1882 – All Sections
  4. The Indian Succession Act, 1925 – All Sections