Balochistan Trust Act 2020
Browse all articles and sections within this act.
PREAMBLE
Preamble
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1
Short title and commencement
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2
Definitions
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3
Validity of the Trust
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4
Creation of trust
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5
Who may create trusts
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6
Subject of trust
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7
Who may be beneficiary
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8
Disclaimer by beneficiary
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9
Who may be trustee
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10
Acceptance to trust
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11
Disclaimer of trust
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12
Trusts to be Registered
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13
Application for registration
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14
Verification of the application
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15
Registration of the Properties
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16
Certificate of Registration
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17
Power to inspect record and compliance
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18
Power to obtain the registration record
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19
Register of Trusts
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20
Access to the Information
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21
Legal arrangement for holding the property
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22
Trustee to execute trust
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23
Trustee to disclose status
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24
Trustee to collect and hold information
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25
Trustee to inform himself to state of trust-property
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26
Trustee to protect title to trust-property
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27
Trustee not to set up title adverse to beneficiary
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28
Care required from trustee
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29
Conversion of perishable property
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30
Trustee to be impartial
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31
Trustee to prevent waste
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32
Accounts and information
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33
Investment of trust-money
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34
Power to purchase redeemable stock at a premium
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35
Sale by trustee directed to sell within specified time
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36
Liability for breach to trust
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37
No set-off allowed to trustee
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38
Non-liability for predecessor's default
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39
Non-liability for co-trustee's default
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40
Several liabilities of co-trustee
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41
Non-liability of trustee paying without notice of transfer by beneficiary
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42
Liability of trustees where beneficiary's interest is forfeited to the Government
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43
Indemnity of trustees
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44
Right to title-deed
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45
Right to reimbursement of expenses
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46
Right to indemnity from gainer by breach of trust
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47
Right to apply to Court for opinion in management of trust-property
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48
Right to settlement of accounts
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49
General authority of trustee
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50
Power to sell in lots, an either by public auction or private contract
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51
Power to sell under special conditions Power to buy-in-and resell
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52
Power to convey
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53
Power to vary investments
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54
Power to apply property of minors, etc., for their maintenance etc
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55
Power to give receipts
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56
Power to compound, etc
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57
Power to several trustees of whom one disclaims or dies
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58
Suspension of trustee's powers by decree
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59
Trustees cannot renounce after acceptance
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60
Trustee cannot delegate
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61
Co-trustees cannot Act singly
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62
Control of discretionary power
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63
Trustee may not charge for services
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64
Trustee may not use trust-property for his own profit
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65
Trustee for sale or his agent may not buy
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66
Trustee may not buy beneficiary's interest without permission
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67
Co-trustee may not lend to one of themselves
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68
Rights to rents and profits
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69
Right to specific execution
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70
Right to transfer of possession
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71
Right to inspect and take copies of instrument of trust accounts, etc
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72
Right to transfer beneficial interest
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73
Right to sue for execution of trust
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74
Right to proper trustees
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75
Right to compel to any Act of duty
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76
Wrongful purchase by trustee
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77
Following trust-property into the hands of third persons; into that into which it has been converted
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78
Saving of rights of certain transferees
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79
Acquisition by trustee of trust-property wrongfully converted
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80
Right in case of blended property
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81
Wrongful employment by partner-trustee of trust-property for partnership purposes
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82
Liability of beneficiary joining in breach of trust
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83
Rights and liabilities of beneficiary's transferee
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84
Office how vacated
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85
Discharge of trustee
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86
Petition to be discharged from trust
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87
Appointment of new trustees on death, etc
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88
Appointment by Court
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89
Rule for selecting new trustees
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90
Vesting of trust-property in new trustees
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91
Power of new trustees
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92
Survival of trust
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93
Trust how extinguished
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94
Revocation of trust
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95
Revocation not to defeat what trustees have duly done
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96
Where obligation in nature of trust is created
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97
Where it does not appear that transferor intended to dispose of beneficial interest
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98
Transfer to one for consideration paid by another
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99
Trust incapable of execution or executed without exhausting trust-property
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100
Transfer for illegal purpose
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101
Bequest for illegal purpose
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102
Transfer pursuant to rescindable contract
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103
Debtor becoming creditor's representative
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104
Advantage gained by fiduciary
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105
Advantage gained by exercise of undue influence
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106
Advantage gained by qualified owner
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107
Property acquired with notice of existing contract
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108
Purchase by person contracting to buy property to be held on trust
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109
Advantage secretly gained by one of several compounding creditors
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110
Constructive trusts in cases not expressly provided for
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111
Obligator's duties, liabilities and disabilities
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112
Saving of rights of bona fide purchasers
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113
Power to make rules
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114
Repeal
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115
Saving
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