Indian Trusts Act, 1882
42. Power to give receipts
Any trustees or trustee may give a receipt in writing for any
money, securities or other movable property payable, transferable or
deliverable to them or him by reason, or in the exercise of any trust or power;
and, in the absence of fraud, such receipt shall discharge the person paying,
transferring or delivering the same there from, and from seeing to the application
thereof, or being accountable for any loss or misapplication thereof.