Gujarat Co-operative Societies Act, 1961
(1) The Registrar or where the States government appoints any other person in this behalf, such person, shall be the Trustee for the purpose of securing the fulfillment of the obligations of the [State Land Development Bank] to the holders of debentures issued by the [State Land Development Bank]. (2) The Trustee shall be a corporation sloe, by the name of the Trustee of the debentures in respect of which he is appointed and, as such, shall have perpetual succession and a common seal, and in his corporate name may sue and be sued. (3) the powers and functions of the Trustee shall be governed by the provisions of this Act, and the instrument of trust executed between the [State Land Development Bank] and the Trustee as modified form time to time by mutual agreement between the [State Land Development Bank] and the Trustee.