6(1)Section 1 of the M1Reverter of Sites Act 1987 (right of reverter replaced by trust for sale) is amended as follows.E+W
(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.
Marginal Citations