The Indian Trust Act, 1882

The Indian Trust Act, 1882 was enacted to provide a legal framework for the creation and management of trusts in India. The Act defines a trust as an obligation annexed to the ownership of property and provides for the appointment of trustees, their powers, duties, and liabilities. The Act also regulates the transfer of trust property, the rights of beneficiaries, and the termination of trusts. In addition, it provides for the settlement of disputes related to trusts and the administration of trust property by courts.