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Report No. 17

Section 76.- For section 76 of the principal Act, the following section shall be substituted, namely.-

"76. Survival of trust and powers of trustees on death, discharge or disclaimer.-On the death or discharge of one of several co-trustees or the disclaimer of the trust by one of them, the trust survives and the trust-property passes to the others, unless the instrument of trust expressly declares otherwise."

[Cf. existing section 76]

Trusts Act, 1882 Back

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