Law Of Property (Entailed Interests) Act 1932

[F1 1 Saving of beneficial interests. U.K.

(1) At the end of subsection (6) of section thirty-six of the M1 Settled Land Act, 1925, and at the end of section thirty-five of the M2 Law of Property Act, 1925, and before the provision added to that section by the M3 Law of Property (Amendment) Act, 1926, the following words shall, in each case, be inserted, namely :— “ and the right of a person who, if the land had not been made subject to a trust for sale by virtue of this Act, would have been entitled to an entailed interest in an undivided share in the land, shall be deemed to be a right to a corresponding entailed interest in the net proceeds of sale attributable to that share. ”

(2) This section shall be deemed to have come into operation on the first day of January, nineteen hundred and twenty-six, but shall have effect without prejudice to any order of the court made before the date of the passing of this Act, or to any title acquired by a purchaser for money or money’s worth before that date].

Textual Amendments

F1 S. 1 repealed (E.W.) (1.1.1997) by 1996 c. 47, s. 25(2), Sch.4 (with s. 25(2)(4)); S.I. 1996/2974, art.2

Modifications etc. (not altering text)

C1 The text of s. 1(1) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which have been made prior to 1.2 1991.

Marginal Citations

M1 15 & 16 Geo.5. c. 18.

M2 15 & 16 Geo. 5. c. 20.

M3 16 7 17 Geo. 5. c. 11.