Section 9 of the Indian Trust Act, 1882 – Who may be beneficiary

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Section 9: Who may be beneficiary

Every person capable of holding property may be a beneficiary. Disclaimer by beneficiary.–A proposed beneficiary may renounce his interest under the trust by disclaimer addressed to the trustee, or by setting up, with notice of the trust, a claim inconsistent therewith.

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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