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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
- Reverter of sites
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Reverter of sites
6(1)Section 1 of the [1987 c. 15.] Reverter of Sites Act 1987 (right of reverter replaced by trust for sale) is amended as follows.
(2)In subsection (2)—
(a)after “a trust” insert “for the persons who (but for this Act) would from time to time be entitled to the ownership of the land by virtue of its reverter with a power, without consulting them,”, and
(b)for the words “upon trust” onwards substitute “in trust for those persons; but they shall not be entitled by reason of their interest to occupy the land.”
(3)In subsection (3), for the words “trustees for sale” substitute “trustees”.
(4)In subsection (4), for the words “on trust for sale” substitute “in trust”.
(5)In accordance with the amendments made by this paragraph, in the sidenote, for “trust for sale” substitute “trust”.
(6)The amendments made by this paragraph apply whether the trust arises before or after the commencement of this Act.
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