| Power to postpone sale |
Commentary
--TALA s4 |
25.
-- (1)
A power to postpone sale shall, in the case of every trust for sale of land,
be implied unless a contrary intention appears.
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(2)
Where there is power to postpone the sale, then (subject to any express
direction to the contrary in the instrument, if any, creating the trust for
sale) the trustees for sale shall not be liable in any way for postponing
the sale, in the exercise of their discretion, for any indefinite period;
nor shall a purchaser of a legal estate be concerned in any case with any
directions respecting the posponement of a sale
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(3) The foregoing provisions of this section apply whether the trust for
sale is created before or after the commencement or by virtue of this Act
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(4)
Where a disposition or settlement coming into operation after te
commencement of this Act contains a trust eithr to retain or sell the
land the same shall be construed as a trust to sell the land with power to
postpone the sale.
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