Section 42 of the Indian Trusts Act, 1882 deals with:

Section 42, headed "Power to give receipts", lets a trustee give a written receipt for money, securities or other movable property due to him under the trust, and the receipt discharges the person paying or delivering it. Variation of investments is s.40, compounding s.43 and conveyance s.39. The statutory discharge is expressly subject to absence of fraud.