The Sir Dinshaw Manockjee Petit Act, 1893
The Sir Dinshaw Manockjee Petit Act, 1893 is an Indian law that regulates the management of trust property in India.
The Sir Dinshaw Manockjee Petit Act1893Trust PropertyTrusteesBeneficiariesManagement Of Trust PropertyAppointment Of TrusteesVesting Of Trust PropertyDistribution Of Trust PropertyIndian Law
Summary
The Sir Dinshaw Manockjee Petit Act, 1893 is a legal act that governs the management of trust property in India. This act is applicable to all trust properties in India and outlines the rights and obligations of trustees and beneficiaries. It provides for the appointment and removal of trustees, the powers and duties of trustees, and the rights of beneficiaries. The act also outlines the process for vesting trust property, the management of trust funds, and the distribution of trust property. The act is designed to ensure that trustees act in the best interests of the beneficiaries and that trust property is properly managed and protected.