52: Trustee for sale or this agent may not buy — Trusts Act, 1882

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No trustee whose duty it is to sell trust property, and no agent employed by such trustee for the purpose of the sale, may, directly or indirectly, buy the same or any interest therein, on his own account or as agent for a third person.

Effective date: 1882-03-01

Related sections

51: Trustee may not use trust property for his own profit 53: Trustee may not buy beneficiary's interest without permission Trustee for purchase 50: Trustee may not charge for services 54: Co trustees may not lend to one of themselves 49: Control of discretionary power 55: Rights to rents and profits

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