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A trust may be created--
(a) by every person competent to contracts 1, and
(b) with the permission of a principal Civil Court of original jurisdiction, by or on behalf of a
minor; but subject in each case to the law for the time being in force as to the
circumstances and extent in and to which the author of the trust may dispose of the trustproperty.
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1 . See s.11 of the Indian Contract Act, 1872 (9 of 1872).