Constructive Trusts

(1) A person who derives a profit from a breach of trust or who obtains property in breach of trust, shall be deemed to be a trustee of the profit or property, unless he derives or obtains it in good faith and without actual, constructive or implied notice of the breach of trust. (2) A person who becomes a trustee by virtue of sub-section (1), shall deliver up the profit or property to the person properly entitled to it. (3) This section does not exclude any other circumstances in which a constructive trust may arise. 42