Law of Property (Amendment) Act 1924

Restrictions.

9 The following subsections shall be inserted at the end of section fifty-eight of the Act of 1875 :—

“(2) In the case of joint proprietors the restriction may be to the effect that when the number of proprietors is reduced below a specified number, no disposition shall be registered except under an order of the court, or of the registrar after inquiry into title, subject to appeal to the court; and, subject to general rules, such an entry under this subsection as may be prescribed shall be obligatory unless it is shown to the registrar's satisfaction that the joint proprietors are entitled for their own benefit, or can give valid receipts for capital money, or that one of them is a trust corporation.

(3) Rules may be made to enable applications to be made for the entry of restrictions by persons other than the proprietor.”