Trust Law
Trust law in India is mainly codified in the Indian Trusts Act of 1882, which came into force on March 1, 1882. It extends to the whole of India except for the state of Jammu and Kashmir and Andaman and Nicobar Islands. Indian law follows principles of English law in most areas of law, but the law of trusts is a notable exception. Indian law does not recognise "double ownership", and a beneficiary of trust property is not the equitable owner of the property in Indian law.
Read more about this topic: Law Of India
Famous quotes containing the words trust and/or law:
“And such the trust that still were mine,
Though stormy winds swept o’er the brine,
Or though the tempest’s fiery breath
Roused me from sleep to wreck and death.
In ocean cave, still safe with Thee
The germ of immortality!
And calm and peaceful shall I sleep,
Rocked in the cradle of the deep.”
—Emma Hart Willard (1787–1870)
“Trust me that as I ignore all law to help the slave, so will I ignore it all to protect an enslaved woman.”
—Susan B. Anthony (1820–1906)