Section No :  
Legislative Enactments
TRUSTS
Marginal Notes
1. This Ordinance may be cited as the Trusts Ordinance.
2. Application of English law.
3. Interpretation. [2, 6 of 2018]
4. Lawful purpose.
5. Trust of immovable property.
6. Creation of trust.
6A. Registrar-General to maintain a register of trusts. [3, 6 of 2018]
6B. Duty of the Registrar-General to provide information of trusts.[3, 6 of 2018]
7. Who may create trusts.
8. Subject of trust.
9. Who may be beneficiary.
10. Who may be trustee.
11. Trustee to execute trust.
12. Trustee to inform himself of state of trust property.
13. Trustee to protect title to trust property.
14. Trustee not to set up title adverse to beneficiary.
15. Care required from trustee.
16. Conversion of perishable property.
17. Trustee to be impartial.
18. Trustees to prevent waste.
19. Accounts and information.
19A. Trustee to keep updated information on identity in record. [4, 6 of 2018]
19B. Trustee to provide updated information of identity to relevant authorities. [4, 6 of 2018]
19C. Penalty for contravention of sections 6A, 19, 19A and 19B. [4, 6 of 2018]
20. Investment of trust money.
21. Savings as to existing investments and investment in Government Savings Banks or National Savings Bank. [2,7 of 1968] [ 89, 30 of 1971]
22. Sale by trustee directed to sell within specified time.
23. Liability for breach of trust.
24. No set-off allowed to trustee.
25. Non-liability for predecessor's default.
26. Non-liability for co-trustee's default.
27. Several liability of co-trustees.
28. Non-liability of trustee paying without notice of transfer by beneficiary.
29. Liability of trustee where beneficiary's interest is forfeited to Government.
30. Indemnity of trustees.
31. Belief of trustee from consequences of breach of trust.
32. Right to title deed.
33. Right to reimbursement of expenses.
34. Right to indemnity from gainer by breach of trust.
35. Right to apply to court for opinion in management of trust property.
36. Right to settlement of accounts.
37. General authority of trustee.
38. Power to lease.
39. Power to sell in lots, and either by public auction or private contract.
40. Power, to sell under special conditions.
41. Power to convey.
42. Power to vary investments.
43. Power to apply property of minors, & c, for their maintenance.
44. Power to give receipts.
45. Power to compound, & c.
46. Power to several trustees of whom one disclaims or dies.
47. Suspension of trustee's power by decree.
48. Trustee cannot renounce after acceptance.
49. Trustee cannot delegate.
50. Co-trustees cannot act singly.
51. Control of discretionary power.
52. Trustee may not charge for services.
53. Trustee may not use trust property for his own profit.
54. Trustee for sale or his agent may not buy.
55. Trustee may not buy beneficiary's interest without permission.
56. Co-trustees may not lend to one of themselves.
57. Right to rents and profits.
58. Right to specific execution.
59. Right to inspect and take copies of instrument of trust, accounts, & c.
60. Right to transfer beneficial interest.
61. Right to sue for execution of trust
62. Right to proper trustees.
63. Right to compel to perform any act of duty.
64. Wrongful purchase by trustee.
65. Following trust property into the hands of third persons ; into that into which it has been converted.
66. Saving of right of certain transferees.
67. Acquisition by trustee of trust property wrongfully converted.
68. Right in case of blended property.
69. Wrongful employment by partner trustee of trust property for partnership purposes.
70. Liability of beneficiary joining in breach of trust.
71. Rights and liabilities of beneficiary's transferee.
72. office how vacated. [5, 6 of 2018]
73. Discharge of trustee.
74. Discharged from trust.
75. Appointment of new trustees on death, &c. [6, 6 of 2018]
76. Appointment by court.
77. Vesting of trust property in new trustees.
78. Survival of trust.
79. Trust how extinguished.
80. Revocation of trust.
81. Revocation not to defeat what trustees have duly done.
82. Where obligation in nature of trust is created.
83. Where it does not appear that transferor intended to dispose of beneficial interest.
84. Transfer to one for consideration paid by another.
85. Trust incapable of execution or executed without exhausting trust property.
86. Transfer for illegal purpose.
87. Bequest for illegal purpose.
88. Transfer pursuant to rescindable contract.
89. Debtor becoming creditor's representative.
90. Advantage gained by fiduciary.
91. Advantage gained by exercise of undue influence.
92. Advantage gained by qualified owner.
93. Property acquired with notice of existing contract.
94. Purchase by person contracting to buy property to be held on trust.
95. Advantage secretly gained by one of several compounding creditors.
96. Constructive trusts in cases not expressly provided for.
97. Obligor's duties, liabilities, and disabilities.
98. Saving right of bona fide purchasers.
99. Special definitions.
100. General powers of the court.
101. Actions for carrying into effect trusts for public charity.
102. Suits by persons interested in religious trusts.
103. Power to refer matter for arbitration or inquiry.
104. Powers of commissioners, & c.
105. Power Of court as to accounts.
106. Application of religious law.
107. De facto trusts.
108. Special powers of court.
109. Exclusion of trust under the Buddhist Temporalities Ordinance and the Muslim Mosques and Charitable Trusts or Walks Act, No, 51 of 1956.
110. Rule against perpetuities.
111. Prescription.
112. Vesting orders.
113. Devolution of trust property.
114. Incorporation of trustees.
115. Persons may assign property in trust to themselves and others.
115A. Regulations. [7, 6 of 2018]
116. Procedure.
117. Costs.