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Trusts of Land and Appointment of Trustees Act 1996
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- UK Public General Acts
- 1996 c. 47
- SCHEDULE 2
- Land purchased by trustees...
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This is the original version (as it was originally enacted).
Land purchased by trustees of personal property etc.
2(1)Section 32 of the [1925 c. 20.] Law of Property Act 1925 (implied trust for sale of land acquired by trustees of personal property or of land held on trust for sale) is omitted.
(2)The repeal made by this paragraph applies in relation to land purchased after the commencement of this Act whether the trust or will in pursuance of which it is purchased comes into operation before or after the commencement of this Act.
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