87: Debtor becoming creditor's representative — Trusts Act, 1882

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Where a debtor becomes the executor or other legal representative of his creditor, he must hold the debt for the benefit of the persons interested therein.

Effective date: 1882-03-01

Related sections

86: Transfer pursuant to rescindable contract 88: Advantage gained by fiduciary 85: Bequest for illegal purpose Bequest of which revocation is prevented by coercion 89: Advantage gained by exercise of undue influence 84: Transfer for illegal purpose 90: Advantage gained by qualified owner

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