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DISCHARGE OF A TRUSTEE

The office of a trustee is vacated by his death or by his discharge underthe provisions of the Indian Trusts Act, which envisages following six modesof discharge for a trustee.

  1. by extinction of the trust
  2. by the completion of duties under the trust
  3. by such means as may be prescribed by the instrument of trust
  4. by appointment of a new trustee in his place
  5. by consent of himself and all the beneficiaries provided the beneficiaries are of the age of majority and have sound mind and are notdisqualified under any law
  6. by the court by filing a petition for discharge.

A trustee can apply to a principal civil court of original jurisdiction forseeking discharge from his office. If the court finds that there aresufficient reason for such discharge, it may discharge him accordingly. Insuch a case, the cost of litigation is paid out of the trust property. Butif there is no sufficient reason, the court cannot discharge such a trusteeunless a proper person can be found to take his place.

 
Private,Public and Religious Trusts
Private Trust
Trustee / Beneficiary Of A Private Trust
Modes Of Creating A Private Trust
Trust Property
Trustee Of A Private Trust - Rights And Powers
Breach Of Trust
Reimbursement Of Expenses And Over-Payment
Removal Of The Trustee
Transfer Of Trust Property By The Beneficiary
Documents And Accounts Of Trust Property
Discharge Of A Trustee
Appointment Of A New Trustee
Extinction & Revocation Of Trusts
Public, Charitable and Religious Trusts
Religious Trusts
Wakf
Tax Exemptions
Incomes Not Exempted

 

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