92: Purchase by person contracting to buy property to be held on trust
The Trusts Act · Federal Acts · Chapter IX · in_force
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Where a person contracts to buy property to be held on trust for certain beneficiaries and buys the property accordingly, he must hold the property for their benefit to the extent necessary to give effect to the contract.
Effective date: 1882-03-01
Related sections
91: Property acquired with notice of existing contract93: Advantage secretly gained by one of several compounding creditors90: Advantage gained by qualified owner94: Constructive trusts in cases not expressly provided for89: Advantage gained by exercise of undue influence95: Obligor's duties, liabilities and disabilities
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