Under the Indian Trusts Act, 1882, on the death or discharge of a co-trustee, trust-property passes to:
Section 76 provides that on the death or discharge of one of several co-trustees "the trust survives and the trust-property passes to the others", unless the instrument…
Choose your answer
Under the Indian Trusts Act, 1882, on the death or discharge of a co-trustee, trust-property passes to:
Answer and explanation
Correct answer D
Section 76 provides that on the death or discharge of one of several co-trustees "the trust survives and the trust-property passes to the others", unless the instrument expressly declares otherwise. It does not go to the dead trustee's heirs, back to the author or to the Official Trustee.