Trusts of Land and Appointment of Trustees Act 1996 (c. 47)

Part I E+W TRUSTS OF LAND

Settlements and trusts for sale as trusts of land E+W

5 Implied trusts for sale as trusts of land. E+W

(1) Schedule 2 has effect in relation to statutory provisions which impose a trust for sale of land in certain circumstances so that in those circumstances there is instead a trust of the land (without a duty to sell).

(2) Section 1 of the M1 Settled Land Act 1925 does not apply to land held on any trust arising by virtue of that Schedule (so that any such land is subject to a trust of land).

Marginal Citations

M1 1925 c. 18.