Distinguishing The Beneficiary

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Vacation of the trustee’s office
Distinguishing the trust
Section 80 to 96

RIGHTS OF THE BENEFICIARY:

(1) Rights to rents and profits (Sec.55) -The beneficiary has, subject to the provisions of the instrument of trust, a right to the rents and profits of the trust-property.

(2) Right to specific execution (Sec.56) -The beneficiary is entitled to have the intention of the author of the trust specifically executed to the extent of the beneficiarys interest ;

Right to transfer of possession.

Right to transfer of possession.-and, where there is only one beneficiary and he is competent to contract, or where there are several beneficiaries and they are competent to contract and all of one mind, he or they may require the trustee …show more content…

Explanation II--When the administration of the trust involves the receipt and custody of money, the number of trustees should be two at least.

Illustrations:

(a) A, one of several beneficiaries, proves that B, the trustee, has improperly disposed of part of the trust-property, or that the property is in danger from Bs being in insolvent circumstances, or that he is incapacitated from acting as trustee. A may obtain a receiver of the trust-property.

(b) A bequeaths certain jewels to B in trust for C. B dies during
As lifetime; then A dies. C is entitled to have the property conveyed to a trustee for him.

(c) A conveys certain property to four trustees in trust for B.
Three of the trustees die. B may institute a suit to have three new trustees appointed in the place of the deceased trustees.

(d) A conveys certain property to three trustees in trust for …show more content…

Illustrations:

(a) A contracts with B to pay him monthly Rs. 100 for the benefit of C. B writes and signs a letter declaring that he will hold in trust for C the money so to be paid. A fails to pay the money in accordance with his contract. C may compel B on a proper indemnity to allow C to sue on the contract in B’s name.

(b) A is trustee of certain land, with a power to sell the same and pay the proceeds to B and C equally. A is about to make an improvident sale of the land. B may sue on behalf of himself and C for an injunction to restrain A from making the

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