Section 52 of the Indian Trust Act, 1882 – Trustee for sale or his agent may not buy

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Section 52: Trustee for sale or his agent may not buy

No trustee whose duty it is to sell trust-property, and no agent employed by such trustee for the purpose of the sale, may, directly or indirectly, buy the same or any interest therein, on his own account or as agent for a third person.

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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