alex
23 December 2011 at 16:02
Dear Sir,
the managing trustee of a trust has all the powers in the trust as per the following text quoted from the trust deed :
"The managing trustee shall have the sole authority to acquire, purchase, sell, mortgage and encumber any immovable property in India for the purpose of promoting and implementing the object of the trust so established by her "
I would like to know weither the sale deed of a land belonging to the trust, done by the managing trustee without resolution signed by the 2 other trustees of the trust (there are 3 trustees in the trust) is legal and valid or not.
thanking you
Looking forward to hearing your valuable comments.
Kind regards
Alex
Sale of a property by the managing trustee without trust board resolution
Dear Sir,
the managing trustee of a trust has all the powers in the trust as per the following text quoted from the trust deed :
"The managing trustee shall have the sole authority to acquire, purchase, sell, mortgage and encumber any immovable property in India for the purpose of promoting and implementing the object of the trust so established by her "
I would like to know weither the sale deed of a land belonging to the trust, done by the managing trustee without resolution signed by the 2 other trustees of the trust (there are 3 trustees in the trust) is legal and valid or not.
thanking you
Looking forward to hearing your valuable comments.
Kind regards
Alex