Section 87 of the Indian Trust Act, 1882 – Debtor becoming creditor’s representative

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Section 87: Debtor becoming creditor’s representative

Where a debtor becomes the executor or other legal representative of his creditor, he must hold the debt for the benefit of the persons interested therein.

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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