ation: (1) The trustee shall, subject to
the terms and restrictions set forth in the memorandum of
incorporation, operate and manage the trust property.
(2) Except as otherwise provided for in the memorandum
of incorporation, the trustee shall, in operating and managing the
property pursuant to sub-section (1), not sell, mortgage, or
otherwise transfer title to, the immovable property or any part
thereof without prior permission of the concerned Registrar.
(3) In asking for prior permission of the Registrar pursuant
to sub-section (2), the reason for the sale, mortgage of, or transfer
of title to, such property, and the reasons and grounds that it may
result in more benefit to the beneficiary shall be set out.