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Where the trust property consists of money and cannot be applied...

This question belongs to Law Indian Trusts Act
Indian Trusts Act
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Where the trust property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee is bound (subject to any direction contained in the instrument of trust) to invest the money on the specified securities and on no others. Which Section of the Indian Trusts Act, 1882 contains this provision?

Answer & Solution
Correct Answer: Option C
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