The Official Trustees Act, 1913
The Official Trustees Act, 1913 lays down provisions for the appointment of official trustees by the government to manage property on behalf of minors, mentally incapacitated persons, and charitable trusts.
Official TrusteesGovernment TrusteesTrust ManagementProperty ManagementMinorsMentally Incapacitated PersonsCharitable Trusts
Summary
The Official Trustees Act, 1913 is an Indian law that was enacted to provide for the appointment of official trustees by the government to manage property on behalf of minors, mentally incapacitated persons, and charitable trusts. The Act also outlines the powers and duties of official trustees and the manner in which they can be appointed or removed from their position. It further clarifies that official trustees have the same powers and duties as an individual trustee and that they can be held liable for any losses incurred by the trust due to their negligence. The Act also empowers the government to remove any official trustee who is deemed unfit or has failed to perform his or her duties effectively.