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[Cites 0, Cited by 0] [Section 36A] [Entire Act]

State of Maharashtra - Subsection

Section 36A(4) in The Maharashtra Public Trusts Act, 1950

(4)No trustee shall borrow money for his own use from any property of the public trust of which he is a trustee:Provided that, in the case of a trustee who makes a gift of debentures or any deposit in his business or industry the trustee shall not be deemed to have borrowed from the trust for his own use.