Section 324: Trustee to be appointed

Estimated reading: 1 minute 5 views

1) A trustee shall be appointed for the operation, management, protection and care of (herbichar)the trust property and for using the fruits of such property to the benefit of the beneficiary or making proper arrangements thereof.

2) Except as otherwise provided for in the memorandum of incorporation, the founder of the trust shall appoint the trustee.

3) In the event of the failure to appoint or inability to appoint the trustee pursuant to sub-section (1) or (2), the founder of the trust shall be deemed to be the trustee.

Share this Law

Section 324: Trustee to be appointed

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.
Antimanual

Ask our AI support assistant your questions about our platform, features, and services.

You are offline
Chatbot Avatar
What can I help you with?

Federal Election 2082 Portal – NepalLaws

Access a curated collection of legal resources, election countdowns, and simplified explainers for the upcoming House of Representatives elections.