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CS Executive · Setting Up of Business, Industrial and Labour Laws · Non-Corporate Entities

Under the Indian Trusts Act, 1882, which of the following is one of the ways by which a trustee may be discharged from office?

A trustee may be discharged by completion of his duties under the trust. The Act lists the permitted modes exhaustively, such as extinction of the trust, means in the trust instrument, a new trustee's appointment, consent, or Court order; residence change or settlor's death is not listed.

  1. ABy the completion of his duties under the trustCorrect
  2. BBy his own change of residence
  3. CBy the death of the settlor
  4. DBy the trustee's loss of interest in the trust

Explanation

Section 71 lists the only ways of discharge, including extinction of the trust, completion of duties, means prescribed by the instrument, appointment of a new trustee, consent of trustee and beneficiaries, or the Court. Change of residence, settlor's death and loss of interest are not listed.

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