Law of Property (Amendment) Act 1926

3 Meaning of “trust corporation.” U.K.

(1) For the purposes of the M1 Law of Property Act, 1925, the M2 Settled Land Act, 1925, the M3 Trustee Act, 1925, the M4 Administration of Estates Act, 1925, and the [F1 Senior Courts Act 1981], the expression “Trust Corporation” includes the Treasury Solicitor, the Official Solicitor and any person holding any other official position prescribed by the Lord Chancellor, and, in relation to the property of a bankrupt F2 ..., includes the trustee in bankruptcy F3 ..., and, in relation to charitable ecclesiastical and public trusts, also includes any local or public authority so prescribed, and any other corporation constituted under the laws of the United Kingdom or any part thereof which satisfies the Lord Chancellor that it undertakes the administration of any such trusts without remuneration, or that by its constitution it is required to apply the whole of its net income after payment of outgoings for charitable, ecclesiastical or public purposes, and is prohibited from distributing, directly or indirectly, any part thereof by way of profits amongst any of its members, and is authorised by him to act in relation to such trusts as a trust corporation.

(2) For the purposes of this provision, the expression “Treasury Solicitor” means the solicitor for the affairs of His Majesty’s Treasury, and includes the solicitor for the affairs of the Duchy of Lancaster.

Textual Amendments

F1 Words in Act substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), s. 148(1), Sch. 11 para. 1(2); S.I. 2009/1604, art. 2(d)

F2 Words in s. 3(1) omitted (1.10.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(7), Sch. 6 para. 2(5)(a) (with Sch. 6 para. 3); S.I. 2015/1732, art. 2(e)(i)

F3 Words in s. 3(1) omitted (1.10.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(7), Sch. 6 para. 2(5)(b) (with Sch. 6 para. 3); S.I. 2015/1732, art. 2(e)(i)

Marginal Citations

M1 1925 c. 20.

M2 1925 c. 19.

M3 1925 c. 23.

M4 1925 c. 49.