Under section 12 of the Indian Trusts Act, 1882, subject to the instrument of trust, a trustee is bound…
Section12 requires the trustee to ascertain the nature and circumstances of the trust property and, where necessary, transfer it from insufficient or hazardous security. A…
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Under section 12 of the Indian Trusts Act, 1882, subject to the instrument of trust, a trustee is bound to "get in" (call in and recover) trust-money that is invested on:
Answer and explanation
Correct answer B
Section12 requires the trustee to ascertain the nature and circumstances of the trust property and, where necessary, transfer it from insufficient or hazardous security. A security label alone does not establish safety: adequacy, risk and the trust terms matter.