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[Cites 0, Cited by 13] [Entire Act]

Union of India - Section

Section 54 in The Indian Trusts Act, 1882

54. Co-trustees may not lend to one of themselves.

- A trustee or co-trustee whose duty it is to invest trust-money on mortgage or personal security must not invest it on a mortgage by, or on the personal security of, himself or one of his co-trustees.