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Trusts of Land and Appointment of Trustees Act 1996

1996 CHAPTER 47

 

(c) Crown Copyright 1996



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The text of this Internet version of the Act has been prepared by HMSO to reflect the text as it received Royal Assent. The authoritive version is in printed form and is published by HMSO as the Trusts of Land and Appointment of Trustees Act 1996, ISBN 0 10 544796 X, £6.30 sterling. For details of how to obtain a printed copy see How to obtain HMSO titles.

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ARRANGEMENT OF SECTIONS
 
PART I

TRUSTS OF LAND
 
Introductory
Section. 
1.Meaning of "trust of land".
 
Settlements and trusts for sale as trusts of land
2.Trusts in place of settlements.
3.Abolition of doctrine of conversion.
4.Express trusts for sale as trusts of land.
5.Implied trusts for sale as trusts of land.
 
Functions of trustees of land
6.General powers of trustees.
7.Partition by trustees.
8.Exclusion and restriction of powers.
9.Delegation by trustees.
 
Consents and consultation
10.Consents.
11.Consultation with beneficiaries.
 
Right of beneficiaries to occupy trust land
12.The right to occupy.
13.Exclusion and restriction of right to occupy.
 
Powers of court
14.Applications for order.
15.Matters relevant in determining applications.
 
Purchaser protection
16.Protection of purchasers.
 
Supplementary
17.Application of provisions to trusts of proceeds of sale.
18.Application of Part to personal representatives.
 
PART II

APPOINTMENT AND RETIREMENT OF TRUSTEES
 
19.Appointment and retirement of trustee at instance of beneficiaries.
20.Appointment of substitute for incapable trustee.
21.Supplementary.
 
PART III

SUPPLEMENTARY
 
22.Meaning of "beneficiary".
23.Other interpretation provisions.
24.Application to Crown.
25.Amendments, repeals etc.
26.Power to make consequential provision.
27.Short title, commencement and extent.
 
SCHEDULES:
     Schedule 1-- Provisions consequential on section 2.
     Schedule 2-- Amendments of statutory provisions imposing trust for sale.
     Schedule 3-- Minor and consequential amendments.
     Schedule 4-- Repeals.

Section 1