SCHEDULE 1 Persons without Power to sell their Interests
Power to sell and convey to the acquiring authority
2
(1)
It shall be lawful for all persons who are seised or possessed of or entitled to any of the land subject to compulsory purchase, or any estate or interest in any of that land, to sell and convey or release it to the acquiring authority, and to enter into all necessary agreements for the purpose.
(2)
Subject to paragraph 1 of this Schedule, the foregoing subparagraph applies in particular—
(a)
to corporations,
(b)
to tenants in tail or for life,
(c)
to trustees for charitable or other purposes, and
(d)
to persons for the time being entitled to the receipt of the rents and profits of any of the land (whether in possession or subject to any lease for years or any less interest).
(3)
Subject to paragraph 1 of this Schedule, the powers conferred by this paragraph on any person, other than a lessee for a term of years, or for any less interest, may be exercised not only on behalf of himself and his successors, but also for and on behalf of every person entitled in reversion, remainder or expectancy after him, or in defeasance of his estate.
(4)
Trustees for a cestui que trust under any disability may exercise the powers conferred by this paragraph on behalf of that cestui que trust to the same extent that the cestui que trust could have exercised those powers if he had not been under any disability.