93: Advantage secretly gained by one of several compounding creditors
The Trusts Act · Federal Acts · Chapter IX · in_force
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Where creditors compound the debts due to them, and one of such creditors, by a secret arrangement with the debtor, gains an undue advantage over his co creditors, he must hold for the benefit of such creditors the advantage so gained.
Effective date: 1882-03-01
Related sections
92: Purchase by person contracting to buy property to be held on trust94: Constructive trusts in cases not expressly provided for91: Property acquired with notice of existing contract95: Obligor's duties, liabilities and disabilities90: Advantage gained by qualified owner96: Saving of rights of bona fide purchasers
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