law: 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.