§ 30-1-9-8 — Resulting trust; absolute conveyance without consent

The provisions of the section next before the
last, shall not extend to cases where the alienee shall have taken an
absolute conveyance in his own name, without the consent of the
person with whose money the consideration was paid; or where such
alienee, in violation of some trust, shall have purchased the land with
moneys not his own; or where it shall be made to appear that, by
agreement, and without any fraudulent intent, the party to whom the
conveyance was made, or in whom the title shall vest, was to hold the
land or some interest therein in trust for the party paying the
purchase-money or some part thereof.
Formerly: Acts 1852, 1RS, c.113, s.8.