SCHEDULES
SCHEDULE 3 MINOR AND CONSEQUENTIAL AMENDMENTS
The Settled Land Act 1925 (c.18)
2
1
The Settled Land Act 1925 is amended as follows.
2
In section 1(1)(ii)(c), after the word “fee” insert “
(other than a fee which is a fee simple absolute by virtue of section 7 of the Law of Property Act 1925)
”
.
3
In section 3, for the words “not held upon trust for sale which has been subject to a settlement” substitute “
which has been subject to a settlement which is a settlement for the purposes of this Act
”
.
4
In section 7(5), for the words “trustee for sale” substitute “
trustee of land
”
.
5
In section 12(1), for the words “trustee for sale” substitute “
trustee of land
”
.
6
In section 17—
a
in subsection (1)—
i
for the words “trust for sale”, in the first three places, substitute “
trust of land
”
, and
ii
for the words “held on trust for sale” substitute “
subject to a trust of land
”
,
b
in subsection (2)(c), for the words “a conveyance on trust for sale” substitute “
land
”
, and
c
in subsection (3), for the words “any trust for sale” substitute “
a trust of land
”
.
7
In section 18(2)(b), for the words “trustee for sale” substitute “
trustee of land
”
.
8
In section 20(1)(viii), for the words “an immediate binding trust for sale” substitute “
a trust of land
”
.
9
In section 30(1)—
a
in paragraph (iii), for the words “power of or upon trust for sale of” substitute “
a power or duty to sell
”
, and
b
in paragraph (iv)—
i
for the words “future power of sale, or under a future trust for sale of” substitute “
a future power or duty to sell
”
, and
ii
for the words “or trust” substitute “
or duty
”
.
10
In section 33(1), for the words “any power of sale, or trust for sale” substitute “
a power or duty to sell
”
.
11
In section 36—
a
for the words—
i
“upon the statutory trusts” in subsection (2), and
ii
“on the statutory trusts” in subsection (3),
substitute “
in trust for the persons interested in the land
”
,
b
in subsection (4), for the words “trust for sale” substitute “
trust of land
”
,
c
for subsection (6) substitute—
6
In subsections (2) and (3) of this section references to the persons interested in the land include persons interested as trustees or personal representatives (as well as persons beneficially interested).
d
in accordance with the amendments made by paragraphs (a) to (c), in the sidenote, for the words “trust for sale of the land” substitute “
trust of land
”
.
12
In section 110(5), for the words “trustee for sale” substitute “
trustee of land
”
.
13
In section 117(1)—
a
in paragraph (ix), for the words “not being” substitute “
, but does not (except in the phrase “trust of land”) include
”
, and
b
in paragraph (xxx), for the words “ “trustees for sale” and “power to postpone a sale” have the same meanings” substitute “
has the same meaning
”
.