The Indian Trustee Act, 1866, 27 of 1866 (Rep., Act 48 of 1952)

Section 27. Where any person shall neglect or refuse to transfer any stock or Government securities, or to recei

Repealed or not in force · As amended up to 2026-08

27. Where any person shall neglect or refuse to transfer any stock or Government securities, or to receive the dividends, interest or income thereof, or to sue for or recover any thing in action, or any interest in respect thereof, for the space of twenty-eight days next after an order of the High Court for that purpose shall have been served upon him, it shall be lawful for the said Court to make an order vesting all the right of such person to transfer such stock or Government securities, or to receive the dividends, interest or income thereof, or to sue for and recover such thing in action, or any interest in respect thereof, in such person or persons as the said Court may appoint.

Source: India Code