Words in s. 12(1) substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 3(2)(a) (with ss. 24(2), 25(4)); S.I. 1996/2974, art.2

Words in s. 12(2) substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 3(2)(b) (with ss. 24(2), 25(4)); S.I. 1996/2974, art.2

http://www.legislation.gov.uk/ukpga/Geo5/15-16/19/section/12Trustee Act 1925An Act to consolidate certain enactments relating to trustees in England and Wales.1972-12-31texttext/xmlenStatute Law Database2022-11-11Expert Participation2022-10-31Part II General Powers of Trustees and Personal Representatives General Powers
12 Power of trustees for sale to sell by auction, &c.1

Where a trustee has a duty or power to sell property, he may sell or concur with any other person in selling all or any part of the property, either subject to prior charges or not, and either together or in lots, by public auction or by private contract, subject to any such conditions respecting title or evidence of title or other matter as the Trustee thinks fit, with power to vary any contract for sale, and to buy in at any auction, or to rescind any contract for sale and to re-sell, without being answerable for any loss.

2

A duty or power to sell or dispose of land includes a duty or power to sell or dispose of part thereof, whether the division is horizontal, vertical, or made in any other way.

3

This section does not enable an express power to sell settled land to be exercised where the power is not vested in the tenant for life or statutory owner.

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Words in
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Words in
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<ref href="http://www.legislation.gov.uk/id/ukpga/1996/47">1996 c. 47</ref>
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<ref href="http://www.legislation.gov.uk/id/ukpga/1996/47/section/25/1">s. 25(1)</ref>
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<ref href="http://www.legislation.gov.uk/id/ukpga/1996/47/schedule/3/paragraph/3/2/b">Sch. 3 para. 3(2)(b)</ref>
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<ref href="http://www.legislation.gov.uk/id/uksi/1996/2974">S.I. 1996/2974</ref>
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<ref href="http://www.legislation.gov.uk/id/uksi/1996/2974/article/2">art.2</ref>
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<heading> General Powers</heading>
<section eId="section-12" period="#period1">
<num>12</num>
<heading> Power of trustees for sale to sell by auction, &c.</heading>
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<p>
Where
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<noteRef href="#c772090" marker="F1" class="commentary attribute F"/>
a trustee has a duty or power to sell property
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, he may sell or concur with any other person in selling all or any part of the property, either subject to prior charges or not, and either together or in lots, by public auction or by private contract, subject to any such conditions respecting title or evidence of title or other matter as the Trustee thinks fit, with power to vary any contract for sale, and to buy in at any auction, or to rescind any contract for sale and to re-sell, without being answerable for any loss.
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A
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duty
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duty
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or power to sell or dispose of part thereof, whether the division is horizontal, vertical, or made in any other way.
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<p>This section does not enable an express power to sell settled land to be exercised where the power is not vested in the tenant for life or statutory owner.</p>
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