Section 250 of ISA : Section 250: Administration Limited To Property In Which Person Has Beneficial Interest
ISA
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Explanation using Example
Imagine John was the sole trustee of a trust that owned a piece of land. He managed this property for the benefit of his friend Mike, who was the beneficiary. John had no personal ownership stake in the land; his role was purely as a trustee. Unfortunately, John passes away without leaving a will, and he has no family willing ...
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